MANILA, Sept 18 (Reuters): The Philippine central bank has announced that it has revised higher its 2022 and 2023 projections for the country's current account deficits, citing intensifying risks of a global growth slowdown as inflation and interest rates climb.
The Bangko Sentral ng Pilipinas (BSP) now expects the current account balance this year to register a deficit of $20.6 billion, or 5.0% of gross domestic product, compared with its previous forecast of $19.1 billion, or 4.6% of GDP.
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