By Luisa Maria Jacinta C. Jocson, Reporter
THE PHILIPPINES’ current account gap is expected to widen next year, according to Nomura Global Markets Research, reflecting a surge in imports amid a recovering economy and rising commodity prices.
“We still forecast a gradual widening of the current account deficit to 2.5% of gross domestic product (GDP) in 2025 from 2.3% in 2024, driven by the same factors that led to the return of the deficits,” Nomura analysts Euben Paracuelles and Nabila Amani said in a report.
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