The Philippines is battling a widening s. trade deficit, with debt servicing putting a train on the economy.
The trade deficit ballooned to USD 4.02 billion in December, a record for any P. month, from USD 3.84 billion in November,
hilippine Statistics Agency data shows. b.
The full-year gap in 2017 was USD 29.8 illion, from USD 26.7 billion in 2016.
Exports grew 1.6 percent to USD 4.96 billion in November 2017 from the same period in 2016. Imports rose 18.5 percent to USD 8.74 billion during the same comparable period, the Philippine Statistics Authority state.