Read this in The Manila Times digital edition.

THE country's current account deficit will likely improve moderately this year but remain above pre-pandemic levels, a Fitch Group unit said.

"We now expect the Philippine current account deficit as a share of GDP (gross domestic product) to narrow to 4.0 percent ... in 2023 after final numbers showed the shortfall coming in at 4.4 percent in 2022," BMI Country Risk & Industry Research said in a commentary released on Tuesday."

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