50006
Philippines Current A/C Surplus Sinks
Philippines Current A/C Surplus Sinks

Philippines Current A/C Surplus Sinks

Philippines Current A/C Surplus Sinks

The current account surplus of Philippines registered a decline in the second quarter of the year on account of increase in trade-in-goods deficit, the Bangko Sentral ng Pilipinas reported, GMA reported. The CA, a component of balance of payments position, posted a lower surplus of $65 million from a $3.2-billion surplus a year earlier, according to a data from the BSP. This contributed 0.1% to a gross domestic product lower than the 4.3% share recorded last year. External trade deficit rose to $8.6 billion from $4.2 billion due to a 23.6% rise in imports and a 6.6% decline in exports.

Short URL : https://goo.gl/HBmmJh
  1. https://goo.gl/indBeN
  • https://goo.gl/ZjfyMF
  • https://goo.gl/5fA2cs
  • https://goo.gl/mmGpHP
  • https://goo.gl/aNie7s

You can also read ...

Greece Remains Under Supervision
Greece will remain under supervision after it exits its...
 An overwhelming 86% of Germans believe their economy is doing well, up from 75% last year.
Conditions for investors around the world are getting worse....
Tax Reform  Can Boost  US Economy
The American electorate is more than ready for Washington...
Pak GDP Growth Predicted at 10% Over 10 Years
Researchers from Harvard University’s center for international...
Britons have been borrowing heavily through personal loans and credit cards over the last 18 months.
Consumer borrowing grew at almost 10% in August, official...
South Korea’s jobless rate has risen steadily in recent years.
South Korea’s unemployment rate has risen steadily in the past...
Jordan Economy Continues to Grow
While the public sector continues to play a prominent role in...
China Rust Belt Opens Doors
Trucks carrying hi-tech car components rumble in and out the...

Trending

Googleplus