Read this in The Manila Times digital edition.
MONETARY authorities have approved new balance of payments (BoP) projections for this year and next based on latest data and emerging developments, the Bangko Sentral ng Pilipinas (BSP) announced on Friday.
"The emerging BoP forecasts for 2023 and 2024 are underpinned by expectations of subdued global and domestic economic activity this year followed by slightly improved activity by next year," the central bank said in a statement.
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