Current account deficit balloons to $2.5B in 2017
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THE country’s current account deficit more than doubled last year as merchandise imports outstripped outbound shipments, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. The 2017 shortfall ballooned to $2.5 billion from $1.2 billion a year earlCurrent account deficit balloons to $2.5B in 2017
THE country’s current account deficit more than doubled last year as merchandise imports outstripped outbound shipments, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. The 2017 shortfall ballooned to $2.5 billion from $1.2 billion a year earlier and was equivalent to 0.8 percent of gross domestic product (GDP) “This developed on account of the [...] The post Current account deficit balloons to $2.5B in 2017 appeared first on The Manila Times Online. Read more