The country posted a balance of payments (BoP) deficit in January, the Bangko Sentral ng Pilipinas (BSP) reported on Monday, reversing from a December rebound to the shortfalls that marked most of last year.
January’s $531-million deficit followed the previous month’s $917-million surplus and was wider than the $9-million shortfall recorded a year earlier. It was also the largest since July 2017 when the payments position stood at a deficit of $569 million.
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