The Philippines is under high alert as Typhoon Fung-Wong is forecast to strengthen and make landfall on Luzon as soon as Sunday evening.

A second typhoon in a week is churning toward the Philippines, with residents in its path warned to flee the looming destructive winds and life-threatening storm surges.

Political analysts say persistent natural disasters could sustain public frustrations and anti-government protests.

President Ferdinand Marcos Jr. of the Philippines declared a state of national calamity on Thursday, as the Asian nation continues to reel from the devastation caused by Typhoon Kalmaegi.

The Philippines' economic growth slowed sharply in the third quarter, missing market expectations, as a "shocking" corruption scandal linked to government infrastructure projects hammered consumer and investor confidence.