Philippine central bank says BOP to shift to deficits in 2025-2026

MANILA, Dec. 26 (Xinhua) -- The Philippines' overall balance of payments (BOP) is projected to shift from a modest surplus in 2024 to deficits in 2025 and 2026, as external headwinds persist, the central bank said Friday.

The BOP summarizes the economic and financial transactions with the rest of the world, the Bangko Sentral ng Pilipinas (BSP) said. "This reversal largely reflects a continued current account sh