The government will report on the second-quarter GDP performance on Tuesday, Aug. 9. Economists are forecasting a more than 8-percent economic expansion during the period.
In another report Monday, Singapore’s DBS Bank said it was expecting the Philippine economy to have expanded by 8.6 percent during the April-to-June period. DBS also projected a still wide trade-in-goods deficit for the Philippines, estimated at $5.4 billion in June if imports grew by 23 percent to outpace 4.5-percent exports growth. The PSA will also release the June international merchandise trade data on Tuesday.“The monthly goods trade deficit, which reached a record-wide level of $5.7 billion in May, likely stayed high in June and close to last month’s print.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: