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Philippines' trade gap and weak investment drive projected 3% GDP current account deficit through 2026.
The Philippines' Balance of Payments deficit is projected to continue through 2025 and 2026, with a current account shortfall of about 3% of GDP, driven by a widening trade gap, weaker services receipts, and declining capital inflows amid global uncertainty.
Goods trade remains sluggish due to weak demand and lower commodity prices, while services exports grow slowly due to U.S. reshoring and reduced tourism.
Remittances are expected to stay strong despite proposed U.S. taxes.
Foreign investment inflows are forecast to fall, but the central bank says international reserves remain adequate, and it will maintain macroeconomic stability.
La brecha comercial y el débil impulso de inversión de Filipinas proyectaron un déficit de la cuenta corriente del 3% del PIB hasta 2026.