Nakaapekto ang corruption scandal ng Department of Public Works and Highways sa consumer spending, ayon kay Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan ngayong Huwebes, Jan. 29. "All these sentiments, negative sentiments coming from the scandal turned consumer spending the other way around. And I guess this was [when] people postponed travels, postponed their spending on consumer durables to make sure that they are in good shape if the economy really get

When asked why Americans have a low sentiment of the economy, but consumer spending is up, Bank of America CEO Brian Moynihan says “it’ll take a little while” for inflation to subsist, after several years of uneven recovery following the pandemic in 2020. “It's this question of affordability and prices and trying to figure out how that – because we had a very strange process from ’20 through now. We had COVID lockdown, then we had all the stimulus, and we had high inflation, and then we had wage