SUMMARY
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An increasing number of Filipinos is regaining their confidence in the Philippine economy. According to the Bangko Sentral ng Pilipinas, the country’s overall Consumer Confidence Index in the last quarter of 2012 showed an increase from -13.3% in the 3rdquarter to -10.4% in the 4th quarter. This positive outlook is driven mainly by low-income Filipinos who cited the following as reasons for their optimism: more jobs as a result of more working family members, additional income and higher salary, increasing investment inflows, infrastructure improvments, and better governance.
Read the full story on Rappler.
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