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Business > Top Business
BoP forecasts revised
By Niña Myka Pauline Arceo
Mar 18, 2023 12:31 am

Economic activity seen subdued this year, improve slightly in 2024

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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