THE country’s economic transactions with the rest of the world will come under increasing pressure as global trade headwinds intensify, a Fitch Group unit said. “We now expect the Philippines’ external position to deteriorate as trade fragmentation and its knock-on effects on global demand will weigh heavily on exports,” BMI Country Risk & Industry Research said in a report released last Friday. “This outlook is hardly surprising, given that key trading partners are facing mounting challenges,” it added. BMI said the country’s current account — a measure of the flow of goods, services and income — was likely to see its current shortfall widen over the medium term compared to the historical average. It was at 3.7 percent of gross domestic product (GDP) in the first quarter of 2025, nearly double from 1.9 percent a year earlier, and is expected to average 2.8 percent over the next three years compared to the 2015-2019 average of 0.4 percent.   https://www.manilatimes.net/2025/08/19/business/top-business/philippines-faces-economic-pressure-as-global-trade-challenges-mount/2169654 (ICE SINGAPORE)

Fonte notizia: The Manila Times, 19 August 2025