06/09/2026
Bongbong Marcos LEGACY
WORSE THAN COVID-ERA LEVELS
Philippine businesses turned sharply pessimistic in July, with confidence falling below levels recorded in published surveys during the COVID-19 pandemic as Middle East tensions, higher oil prices and persistent inflation weighed on sentiment.
The Bangko Sentral ng Pilipinas’ business confidence index plunged to -20.3% in July from zero in June, meaning pessimists outnumbered optimists.
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