The Philippine market is currently going through a global “storm” given the ongoing systemic risks which need to be addressed, the Financial Stability Coordination Council said in its latest report.
The Philippine market is currently going through a global “storm” given the ongoing systemic risks which need to be addressed, the Financial Stability Coordination Council said in its latest report.
“Some will face more benign conditions, while others will feel the full brunt. However, none of this is known in advance. The question then is how prepared a community is for more rains, and more rainy days,” it added. Among the risks cited by the FSCC are the volatility in the global oil market, the disruptions brought about by the COVID-19 pandemic on the global supply chains, and climate security.
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