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Oil price shocks push more than 1M Filipinos to poverty – study
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Oil price shocks push more than 1M Filipinos to poverty – study
MANILA – An additional 1.34 million Filipinos are pushed to poverty due to the oil price shocks since the United States and Israel’s aggression on Iran, a study revealed. The Philippine Institute for Development Studies (PIDS) policy brief states that the shock is deeply regressive, with poor households losing 16.2 percent of their annual income in real purchasing power, compared with 3.4 percent for the richest households. The aggression on Ir…
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