Vehicle sales in the Philippines will grow by double digits next year on account of low base effects and an expected rebound in demand, Fitch Solutions said on Thursday.
In a report, the macroeconomic research arm of the Fitch Group projected these sales to pick up by 21.5 percent in 2021 from its previous estimate of 10.2 percent as “evidence of a recovery in demand for new vehicles” in the second half of 2020 carries into the new year.
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