Foreign investors will not be dancing to the tune of the Philippine Congress’ cha-cha, short for charter change, as the economy’s institutional strengths and sectoral configurations will remain the basis of any decision to invest.
France went another nudge downwards on the rating scale at the rating agency Fitch, though this has happened before without much drama. However, this time, there were new arguments behind the downgrade, and they are worrying.
Some economists had predicted a rather severe recession for the German economy during 2023. The reality is better, though no more than that and most recently, Germany's government missed another chance for improving the situation.