- The IMF downgraded global economic outlook due to ongoing conflicts, which are driving global economic assessments and affecting key fuel imports.
- IMF assesses Philippine GDP growth outlook amid rising prices caused by attacks on Iran.
Financial firms like Nomura and Capital Economics are providing downbeat GDP forecasts for the Philippine economy due to economic shocks from the ongoing regional war.
1 report, 1 independent
Updated Aug 9
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What happened
Financial firms like Nomura and Capital Economics are providing downbeat GDP forecasts for the Philippine economy due to economic shocks from the ongoing regional war.
Who's involved
What this event is mainly aboutHow it developed
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GDP forecasts for the Philippine economy are down due to economic shocks from the ongoing regional war.1 source
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The entities involved
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Nomura
corporation in Japan
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Philippines
archipelagic country in Southeast Asia
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- The ADB is closely monitoring the Philippine economy as it lags regional averages amid global oil price shocks driven by war.
- AMRO revises its growth forecasts for the Philippines, citing economic slowdown due to various headwinds.
- Inflation and rising essential costs are impacting the general economic situation in the Philippines.
- The Philippines has set an ambitious goal to become the largest economy in Southeast Asia.
- The Bangko Sentral ng Pilipinas is facing weak growth and accelerating inflation pressures due to oil price shocks.