RE: Random Spiel: Why Philippines Have Low Household Consumption

Them blaming it on rice is just funny to me. It's like forgetting people are accumulating more debt because the banking sector just reported a huge amount of gains over the recent quarters past and these are generated from loans. Who asks for these loans and pays for them? the average consumer and it would be good if only the interest rates were low but they're not that low, at least pre pandemic low.