Infrastructure spending bias fuels current account gap

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The story "Infrastructure spending bias fuels current account gap" was covered 17 hours ago by Business Mirror, a news publisher based in Philippines.

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Infrastructure spending bias fuels current account gap - Business Mirror

Quick Summary:

THE bias of the Marcos administration for infrastructure spending could be blamed for the widening of the country’s current account deficit, according to Nomura.

However, growth is expected to average 6 percent in 2025 and 6.1 percent in 2026.

Balisacan reiterated that despite the feud between the President and Vice President, the economic team has adopted a “business-as-usual” approach and continues to focus on attaining the country’s economic and fiscal goals and targets.Cai U.