Economy 1 MIN READ

Philippine cbank sees 2021 c/a deficit at 1% of GDP, 2.3% next yr

December 10, 2021By Reuters

The Philippine central bank said on Friday it expects the country’s current account this year to post a deficit of $4 billion, or 1% of gross domestic product, revising its projection from a surplus equivalent to 0.9% of GDP.

For next year, it projected a current account deficit of $9.9 billion, or 2.3% of GDP, wider than its previous deficit forecast equivalent to 0.3% of GDP.

(Reporting by Neil Jerome Morales and Enrico Dela Cruz
Editing by Ed Davies)


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