Economy 1 MIN READ

Philippine sees wider c/a deficit in 2022, 2023

March 18, 2022By Reuters

The Philippine central bank said on Friday it expects the country’s current account balance to register a deficit equivalent to 3.8% and 3.7% of gross domestic product in 2022 and 2023, respectively.

The current account deficit projections for both years are wider than last year’s deficit equal to 1.8% of GDP.

(Reporting by Karen Lema and Enrico dela Cruz
Editing by Ed Davies)

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