As for private consumption, while demand for some goods has fallen back following the sharp, last-minute increase in demand ahead of the expiration of subsidies for purchases of environmentally friendly cars and of the eco-point system for household electrical appliances, consumption of other goods and services has generally been firm. Under these circumstances, production has been showing signs of improvement since November.
Also, the BSP is working with other government agencies for the use of fintech in their engagements with the public. The BSP is excited about the prospects of fintech given the multiplier effect of technology on economic development. Finally, the New Economy is an economy that is more inclusive.