Current account deficit to narrow

Jul 06, 2023 12:36 am

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.'

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Betcha bay gulay wow

Govt committed to foster innovation culture: NEDA

ITBPM jobs to expand middle class

Agri devt key to economic growth: NEDA exec

Boeing labor talks to resume

Why is a financial planner needed for financial health?

Peso weakens further; profit-taking hits PSEi