ECONOMIC growth could moderate to 5.8 percent in the second quarter of this year with still-high inflation constraining consumer spending, private sector economists said.
"We expect only a mild slowdown in Q2 (second quarter) by around 0.5 percent percentage point or slightly below 6 percent YoY (year on year)," First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) analyst said in the May issue of the Market Call report.
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