AGP Executive Report
Last update: an hour agoGrowth Outlook: The Philippines will reassess its 2026–27 targets after third-quarter growth slowed to 2.1%, its weakest since the pandemic, as household spending and investment remain under pressure. Markets: Hot U.S. inflation revived rate-hike fears and pushed stocks lower, while South Korean shares surged 4.39% as investors returned to chipmakers. Trade Divide: Korea’s exports jumped 72.3% in the third quarter, but large-company shipments rose more than 100%, versus about 11% for small firms, underscoring how the semiconductor boom is leaving many businesses and workers behind. Economic Governance: The UN warned that weak oversight, fuel smuggling and money laundering are draining Libya’s resources as public spending rises and the dinar weakens. Climate Risk: A UN agency estimates El Niño could cost the global economy $11 trillion through damage to agriculture, infrastructure, trade and demand.
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