The country's balance of payments (BoP) position will likely end in wider deficits this year and the next given persistent external risks, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
New 2022 and 2023 BoP projections approved by policymaking Monetary Board "continue to be influenced" by risk factors such as high inflation, the Russia-Ukraine war, and the continuing impact of the Covid-19 pandemic, the BSP said in a statement.
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