Domestic Consumption in Philippines Remains Robust, Says Coface's Casanova

The video discusses the impact of inflation on growth in the Philippines, highlighting the resilience of domestic consumption despite high inflation rates. It explains how negative real interest rates and remittances, boosted by peso depreciation, support consumption. However, remittances are a double-edged sword, with governance issues posing economic risks. The central bank's strategy focuses on managing inflation through interest rate adjustments. While inflation has stabilized, the bank remains proactive in moderating consumption to ensure economic stability.

What factors are contributing to the resilience of growth in the Philippines despite high inflation?

What role do real interest rates play in the economic situation described?

How do remittances impact consumption and growth in the Philippines?

What are the potential risks mentioned that could affect the economic situation in the Philippines?

In what ways might the Central Bank respond to inflation pressures according to the text?