Consumer spending in the country is predicted to rise by 4 percent while consumer price inflation is likely to stabilize at 4.8 percent, offering much-needed relief to households and businesses.
This moderation creates opportunities for sustained consumer spending, particularly in essential sectors such as food, healthcare, and education.
Women's workforce participation in the country also reflects this important and steady transformation aligning with global patterns where women's workforce participation has exceeded pre-pandemic levels in many regions.
The country's GDP this year is also projected to grow by 4.7 percent supported by a robust remittance ecosystem and high female labor force participation, which continues to drive household incomes.
