Philippine GDP growth slows to 2.8% as Iran war batters economy

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Source: Nikkei Asia
Published: 2026-05-07 12:06 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Transport, Middle East, Military & Defence, Iran, Philippines, Energy, Economy & Finance, Business & Economy, War & Conflict, Asia Pacific
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Snippet:
Jeepney drivers gather to receive government cash aid in Manila on April 16. Transportation workers are among those hit hardest by soaring fuel prices in the Philippines, which imports 98% of its oil needs. © Reuters
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