Philippines Still Likely to Be ASEAN's Second-Fastest Growing Economy Despite Oil Shocks - BusinessWorld Online

Middle East war darkens outlook for Philippine economy — BMI - BusinessWorld Online

THE PHILIPPINE ECONOMY is likely to expand by 4.7% this year, amid sluggish government spending and oil supply disruptions arising from the ongoing war in the Middle East, Fitch Solutions unit BMI said. In a report dated March 31, BMI said Philippine gross domestic product (GDP) growth may have recovered in the first quarter, expanding by 3.6% due to strong exports and factory activity. If realized, this would be faster than the post-pandemic lo…