Trade deficit likely up in October

By Anna Leah E. Gonzales

Dec 10, 2019 12:17 am

The government’s ramped up spending on infrastructure likely led to a widening of the country’s trade deficit, HSBC Global Research said on Monday.

“We expect the trade deficit to widen to $3.6 billion in October as the government picks up infrastructure spending towards year-end,” said HSBC Global Research in a report.

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