Strong global commodity demand of Philippine
The World Bank released the latest Philippine Economic Report (hereinafter referred to as the Report) on the 4th, which is optimistic about the future growth of the Philippine economy, predicting that the Philippine economy will grow by 5.8% year-on-year in 2024, a further increase from the growth rate of 5.5% in 2023.
The report predicts that the Philippine economy is expected to continue to maintain strong growth momentum in the next few years, with growth forecasts of 5.8%, 5.9% and 5.9% from 2024 to 2026 respectively. This growth momentum is mainly due to strong growth in household consumption, continued strength in the service industry, improved trade brought about by the rebound in global commodity demand, and steady recovery in industries such as tourism.
Our company has also received a large number of inquiries from the Philippines, and there is a large demand for Advertising Machines and Conference Tablets. At the same time, we have also received a large number of feedbacks from Philippine customers, and they all have plans to repurchase.