Norway-Asia Business Review - - Snapshots -

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.

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