Manila Times Business
Business confidence sinks as war fuels inflation fears
BUSINESS sentiment deteriorated further in April as firms worried about the economic fallout from the Middle East war, particularly its impact on oil prices, inflation and consumer spending. The overall confidence index (CI) in the Bangko Sentral ng Pilipinas’ (BSP) latest Business Expectations Survey (BES) worsened to -35.8 percent from -24.3 percent in March, indicating that more firms were pessimistic about the economy and their operations. “Concerns over the ongoing Middle East c
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Source: manilatimes.net
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