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Central bank revises BoP forecasts for 2025, 2026
The Bankgo Sentral ng Pilipinas (BSP) revised its balance of payments (BoP) forecasts for this year and 2026 amid heightened global uncertainty. In a statement, the BSP said the overall BoP position is projected to end 2025 at a $6.3-billion deficit or -1.3% of gross domestic product (GDP), wider than the previous forecast of a $4-billion deficit or -0.8% of GDP. [...]