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The country’s current account posted a $13-billion surplus last year, the biggest since 2005, according to the Bangko Sentral ng Pilipinas (BSP). The latest figure reversed the $3.1-billion deficit in 2019. Based on latest available central bank data, the 2Current account surplus hits $13B
The country’s current account posted a $13-billion surplus last year, the biggest since 2005, according to the Bangko Sentral ng Pilipinas (BSP). The latest figure reversed the $3.1-billion deficit in 2019. Based on latest available central bank data, the 2020 current account surplus was also the highest since 2005. “Imports contracted more than the exports […] Read more