BDO Unibank economist Dante Tinga Jr. highlighted the Philippines' strong economic performance, driven by robust domestic consumption and a favorable demographic profile. He spoke during an exclusive briefing for Japanese clients, emphasizing the country's resilience and growth potential despite global challenges.
Dante Tinga Jr., senior vice president and director of research at BDO Unibank’s Investor Relations and Corporate Planning Group, shared his insights on the effect of global events on the Philippine economy during BDO’s exclusive economic briefing for its Japanese clients.The Philippine economy stands out as a global outperformer, bolstered by robust domestic consumption and a favorable demographic profile , according to a bank economist.
Despite facing global headwinds, the nation continues to demonstrate remarkable resilience and growth potential, said Dante Tinga Jr., senior vice president at BDO Unibank’s Investor Relations Group.Tinga highlighted this optimistic outlook during an exclusive economic briefing for BDO’s Japanese clients. Addressing an audience of over 80 executives from Japanese companies, Tinga underscored the critical role of the country’s young, growing population and strong consumer spending in driving economic performance, showcasing the Philippines’ capacity to sustain growth amid global uncertainties. The country’s young, fast-growing population underpins its economic resilience. With half of its citizens aged 25 or younger and an annual population growth rate of 1.6 percent, domestic consumption has remained strong, he said. Tinga said household spending surpassed pre-pandemic levels, fueled by a resurgence in overseas labor deployment and a steady flow of remittances from abroad. These inflows continue to strengthen the purchasing power of Filipino families, driving consumption-led growth. Inflation in the Philippines returned to the Bangko Sentral ng Pilipinas’ (BSP) target range, opening the door for potential monetary easing. Stabilized rice prices, supported by government measures such as reduced import tariffs, contributed to price stability. As a result, the BSP is expected to lower interest rates cautiously, creating a favorable environment for business investments and improved consumer confidence
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