Many from biz sector worried with slower consumer spending in Q1 2024
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00:00 Most business owners are worried about the situation in the local market for the first quarter of the year,
00:05 as the rate of consumer spending is seen to have slowed down after the Christmas season.
00:10 On the other hand, consumers have a more positive outlook in terms of spending and purchases.
00:15 The increase in job opportunities and availability and the improved salaries of workers as of late
00:20 has helped to change consumers' view of the economic situation in the country to a more optimistic one.
00:26 BSB also notes more families are living more comfortably now,
00:30 with more Filipinos being able to find more job opportunities.