BOP shortfall seen to hit $5.5 B this year 5 SHARES Share it! The latest BOP deficit projection is equivalent to 1.6 percent of gross domestic product (GDP). The 2018 current account deficit projection is equivalent to 1.9 percent of GDP. As of end-October, the BOP shortfall has widened to $5.59 billion, higher than same time last year of $1.73 billion deficit. “And, also to some extent, the current account was being driven by price changes” such as the high fuel prices.

Source: Manila Bulletin December 14, 2018 13:52 UTC