Economics for the consumer.(Opinion & Editorial) From: Manila Bulletin | Date: June 4, 2004 | COPYRIGHT 2004 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information

Byline: Bernardo M Villegas

FOR the last five years, the economic growth of the Philippines has been mainly fueled by private consumption expenditures, as investments and government spending have been adversely affected by the low savings and taxation rates of the economy as well as the political turbulence. The Filipino consumer has been literally the savior of the economy.

Even if less than 50 percent of the population of 82 million earn enough income to be part of the consuming households, that would still be approximately 40 million individuals who have to be better ...

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