Read this in The Manila Times digital edition.
CURRENT account deficit projections for 2024 and 2025 were widened by the Bangko Sentral ng Pilipinas (BSP) under new balance of payments (BoP) estimates released on Friday.
The current account — a record of the country's transactions with the rest of the world — is now expected to have hit a $10.4-billon shortfall last year, up from the $6.8-billion assumption announced in September but still smaller than the 2023 result of $11.8 billion.
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