BusinessWorld February 11, 2021 | 8:05 pm HOUSEHOLD CONSUMPTION could pick up in the third quarter as sentiment improves and remittances recover, but this may not be sufficient to bring economic growth this year to pre-crisis levels, according to Standard Chartered Bank. Household consumption, on which the economy is heavily dependent, is expected to post sustainable and steady growth by the three months to September because consumer sentiment, job creation and wages are expected to remain muted in the first half, according to Chidu Narayanan, an economist at Standard Chartered, who was speaking at an economic briefing organized by the Bank Marketing Association of the Philippines.