BoP surplus expected this year, deficit seen for 2025

Mar 16, 2024 12:30 am

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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