The country’s current account deficit hit an all-time high last year as robust economic activity resulted in a wider trade gap, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
“The current account deficit rose to an all-time high of $7.9 billion, about 2 percent of gross national income and 2.4 percent of GDP (gross domestic product),” central bank Deputy Governor Diwa Guinigundo told reporters in a briefing.
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