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Philippine cbank sees wider c/a deficits in 2022, 2023
June 17, 2022
By Reuters
By Reuters
MANILA, June 17 (Reuters) – The Philippine central bank said on Friday it expects the country’s current account balance to register deficits equivalent to 4.6% and 4.4% of gross domestic product in 2022 and 2023, respectively, wider than the previous projections of 3.8% and 3.7%.
The central bank said the revisions took into account the build-up in external risks, ongoing global monetary policy tightening and lingering COVID-19 challenges.
(Reporting by Neil Jerome Morales and Enrico Dela Cruz
Editing by Ed Davies)
This article originally appeared on reuters.com