NEW balance of payments (BoPs) forecasts have been approved by monetary authorities, with a surplus expected this year and a swing to a deficit in 2024.
"The emerging external outlook for 2024 and 2025 is largely underpinned by expectations of a slight improvement in global economic conditions, particularly for this year; and improvements in domestic demand conditions over the next two years," the Bangko Sentral ng Pilipinas (BSP) said in a statement on Friday.
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