NEW balance of payments (BoP) projections have been approved by the Bangko Sentral ng Pilipinas, with higher surpluses expected for this year and the next given positive outlooks for economic growth, inflation, and world trade.
"The latest set of forecasts indicate an improvement in the overall balance of payments position for 2024 and 2025 relative to the June 2024 projection exercise," the Bangko Sentral ng Pilipinas (BSP) said late Friday.
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