- The Middle East situation is causing global stock market issues, specifically impacting Costco.
- Tensions between the U.S. and Iran are impacting oil flows, forcing Asia to rely on Middle Eastern imports, including considerations for the U.S. Strategic Petroleum Reserve.
- Due to the ongoing Middle East conflict, Egypt and the Philippines are facing major economic shocks caused by disruptions to global oil imports.
- Oil price shocks stemming from the Middle East conflict are now impacting the revenue collection strategy in the Philippines.
Economic indicators show price growth linked to fuel and power costs, while government spending is reduced due to corruption fallout.
1 report, 1 independent
Updated May 26
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What happened
Economic indicators show price growth linked to fuel and power costs, while government spending is reduced due to corruption fallout.
How it developed
Newest first. Tap a step to see who reported it.- Collaboration between the Department of Agriculture and Philippine Statistics Authority improves data accuracy for policy.Sub-event
Price growth linked to fuel/power costs and government budget cuts due to corruption.1 source