The Philippine economy is an open economy, meaning that production and flow of foreign trade and resources to the country are exposed to the political and economic conditions in the world at large. World politics and their potential risks on our economic future. Though remotely associated with our economic future, these events could trigger actions that eventually have some connection with events that we experience, including economic. The young crown prince of Saudi Arabia (Mohammed bin Salman) has been given the blessings of the current King to succeed him in the future. They certainly are negative factors to worry about for world economic growth for they widen the uncertainties faced by all nations.

Source: Philippine Star December 11, 2018 18:54 UTC