# Philippine economic slump worsens on Iran war, bad weather

> Philippine GDP grew 2.1% year on year in the third quarter, slowing from 2.4% in the second quarter and missing the 3.1% median forecast. Agricultural output contracted 4.8% as typhoons disrupted production, while higher oil-driven inflation and tighter financial conditions weighed on spending and investment.

- Date: 2026-11-09 · published 2026-11-09T06:13:54.538Z
- Category: weather · region Philippines · magnitude medium
- Page: https://feedsoft.ai/events/88848-philippine-economic-slump-worsens-on-iran-war-bad-weather
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md)

## Why it matters

Weather-related farm disruption can tighten local food supplies, while higher energy and food costs strain demand and raise input expenses. The weaker peso also makes imported commodities costlier in local currency.

## Read by commodity

- WTI: bullish ▲
- USDPHP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-07-28 | [Soybeans continue to climb on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/8747-soybeans-continue-to-climb-on-weather-concerns-brownfield-ag-news.md) | -8.0% | -5.2% |
| WTI | 2025-01-09 | [Oil settles up 1% as cold weather in US, Europe drives winter fuel demand \| Reuters](https://feedsoft.ai/events/10347-oil-settles-up-1-as-cold-weather-in-us-europe-drives-winter-fuel-demand-reuters.md) | +9.1% | -4.0% |
| WTI | 2019-07-11 | [Oil slips 0.4% on dim OPEC demand forecast after early jump on Gulf of Mexico storm](https://feedsoft.ai/events/58264-oil-slips-0-4-on-dim-opec-demand-forecast-after-early-jump-on-gulf-of-mexico.md) | -6.2% | -15.3% |
| WTI | 2024-10-15 | [Prices of crops, oil bounce back from late summer lows \| The Western Producer](https://feedsoft.ai/events/27969-prices-of-crops-oil-bounce-back-from-late-summer-lows-the-western-producer.md) | -5.8% | -7.4% |
| WTI | 2020-10-27 | [Oil jumps more than 2% on U.S. Gulf shutdowns](https://feedsoft.ai/events/50819-oil-jumps-more-than-2-on-u-s-gulf-shutdowns.md) | -4.6% | +11.7% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/philippine-economic-slump-worsens-iran-war-bad-weather
- theedgesingapore.com: https://www.theedgesingapore.com/news/news/philippine-economic-slump-worsens-iran-war-bad-weather

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.