PH projected to post BOP surplus despite pandemic
Philippine monetary officials continue to see a surplus in the country’s balance of payment (BOP) position this 2020 despite the economic impact of the COVID-19 pandemic.
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said that from the projected USD2.9-billion surplus set during the central bank’s assessment in November 2019, the latest forecast for this year is a USD6-million surplus while it is USD2.4-billion surplus next year.
Diokno said these projections took into account the key developments as of last April, which include the “sharp contraction in both global and domestic economic activities in 2020, followed by a strong recovery in 2021.
Related news
- DOLE optimistic on BPO resurgence in the next months · 15 Jun
- PH call centers deal with WFH problems · 11 Jun
- Malacañang approves 12 new eco zones worth P6.4 billion · 11 Jun
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
