A potent cocktail of domestic and international political headwinds continues to weigh on the Philippines’ economic recovery, even as inflation eased in June. Economists point to turmoil in the Senate and a recent corruption scandal that rocked the nation as internal shackles holding back an already fragile economy reeling from energy shocks and extreme weather. Dutch financial think tank ING said in a recent report that political uncertainties compounded the Philippines’ economic pressures...
Summary from source