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Philippine GDP Growth Unexpectedly Slows to 2.3% on Oil Shock

Economic DataInflationGeopolitics & WarConsumer Demand & Retail

The Philippine economy stalled further in Q2, with a protracted Middle East conflict cited as a key driver. The conflict is stoking inflation and weighing on both consumer spending and investment, reinforcing a weaker near-term growth outlook.

Analysis

The Philippine economy stalled further in Q2, with a protracted Middle East conflict cited as a key driver. The conflict is stoking inflation and weighing on both consumer spending and investment, reinforcing a weaker near-term growth outlook.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.35

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