Following the Middle East crisis, international agencies are assessing country ratings, introducing economic uncertainties for the Philippines.
1 report, 1 independent
Updated Aug 1
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What happened
Following the Middle East crisis, international agencies are assessing country ratings, introducing economic uncertainties for the Philippines.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Gatchalian warned of an economic downturn as ratings agencies and multilateral lenders slashed forecasts amid Middle East conflict.Sub-event
- JCR retained the Philippines' A- credit rating following economic pressures from the Middle East.Sub-event
Economic uncertainties introduced due to Middle East crisis impacting global assessments of the Philippines.1 source
Keep exploring
Part of
Tensions in the region are affecting market sentiment, with activity being reported from the capital city of the Philippines.Also in this story
- Airlines operating in major hubs are seeking fee waivers amid a geopolitical crisis that has driven up oil prices.
- Philippine cement manufacturers report that demand is affected by Public Works spending and the ongoing crisis in the Middle East.
- Geopolitical instability affects oil prices and remittance flows, leading to discussions on free trade agreements and infrastructure spending.
- Re-escalation reported in the Middle East conflict.
The entities involved
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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