WATCH: Here’s why experts say the Philippines is now at risk if global markets panic
February 23, 2018 | 5:35pm
Some economists say the widening of the Philippines' current account deficit may increase the country’s exposure to potential sudden capital outflows.
Benson Kua/CC BY-SA, File photo
MANILA, Philippines — A key pillar of support for the Philippine economy is deteriorating, and some market watchers worry that the country could be vulnerable to capital outflows in times of market panic.
In this video, the Bangko Sentral ng Pilipinas explains why the Philippines’ worsening external position is not alarming.
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