Debate Over Filipino Consumption Culture and Weak Peso Intensifies

Economists and policymakers discuss whether domestic spending habits contribute to currency weakness, emphasizing the need for better investment financing strategies rather than blaming consumers.

4 Sept, 01:28 — 4 Sept, 01:28

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RapplerMostly Factual2h ago

[In This Economy] Should Filipinos’ ‘consumption culture’ be blamed for the weak peso?

BSP Governor Eli Remolona did not say that consumption is the enemy. Instead, the underlying message is that our country as a whole needs to find better ways to finance our investments.

By JC Punongbayan

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Debate Over Filipino Consumption Culture and Weak Peso Intensifies

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[In This Economy] Should Filipinos’ ‘consumption culture’ be blamed for the weak peso?

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