Gatchalian warned of an economic downturn as ratings agencies and multilateral lenders slashed forecasts amid Middle East conflict.

1 report, 1 independent Updated 00:00

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What happened

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Who's involved

What this event is mainly about

Philippines Middle East Sherwin Gatchalian

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Part of

Following the Middle East crisis, international agencies are assessing country ratings, introducing economic uncertainties for the Philippines. All 2 developments

Within Tensions in the region are affecting market sentiment, with activity being reported from the capital city of the Philippines.

The entities involved

Philippines
archipelagic country in Southeast Asia
- Lamb Weston showcased potato innovations at the World Food Expo in the Philippines.10:16
- The Philippines is strategically aligning its security posture with the United States as a response to strategic competition and pressure from China.09:48
Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- Consumers in Europe and Ireland are experiencing financial strain, with the ongoing conflict in the Middle East cited as a major consumer concern.10:01
- A study highlights the cost-of-living crisis in Northern Ireland, citing global conflicts including the Middle East war.10:01
Sherwin Gatchalian
Filipino politician

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Coverage

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00:00philstar.com