Risks from Trump win: Remittances, geopolitics–Nomura

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The story "Risks from Trump win: Remittances, geopolitics–Nomura" was covered 4 days ago by Business Mirror, a news publisher based in Philippines.

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Risks from Trump win: Remittances, geopolitics–Nomura - Business Mirror

Quick Summary:

THE Philippines is forecasted to be among the ASEAN countries that could suffer from downside risks projected from the re-election of Donald Trump as President of the United States.

Further, in terms of inflation, the country may end the year with an average inflation rate of 3.1 percent in 2024 and 2.3 percent next year.

Meanwhile, the country’s current account deficit (CAD), nonetheless, is expected to widen to 2.3 percent of GDP in 2024 and 2.5 percent of GDP next year.