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At the end of Q2 2023, the current account surplus of the balance of payments fell 14-fold compared to Q2 2022 as a result of a decrease in the value of exports and an increase in the value of imports. At the same time, the financial account deficit was formed as a result of the outstripping...
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basic balance of the Philippines of about 6.5 percent in 2021 (and declining during the years prior to it). This BOPC growth … the BOPC growth rate. The Philippines must lift the constraints that impede a higher growth of exports. In particular, it …
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