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Bangko Sentral ng Pilipinas raises BoP surplus forecasts to $2.3B in 2024 and $1.7B in 2025 due to strong economic growth and increased world trade.
The Bangko Sentral ng Pilipinas has revised its Balance of Payments (BoP) surplus forecasts, projecting $2.3 billion for 2024 and $1.7 billion for 2025, up from previous estimates.
This optimism stems from strong economic growth and increased world trade.
However, the current account deficit is expected to widen to $6.8 billion in 2024, due to lower export growth.
The financial account is also projected to see higher net inflows, reflecting robust non-resident investments.
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Bangko Sentral ng Pilipinas eleva las previsiones de superávit de BoP a $2,3B en 2024 y $1,7B en 2025 debido al fuerte crecimiento económico y al aumento del comercio mundial.