BOP to hit $500M

improve at the start of the second

- eration the positive impact on in the International Monetary recovery in global trade, a less gradual pace in policy tightening - ity prices, and strong domestic

outlook for the year is supposed to affect our exports in a posi - actually declining and pulling

“Firmer commodity prices are also a positive for Philippine dominate many of these positive

sustained increase in imports,

The government targets the

Q1 current account

- turnaround from a surplus in

three months of the year reverted imports of goods outpaced that

The current account consists of transactions in goods, services, primary income and second the domestic economy and the

in goods account, composed of the merchandise trade, posted

in the secondary income, services, and primary income accounts helped offset the increase in trade

The primary income account nonresident institutional units

paid to foreign direct investors fund shares in domestic en investments in debt securities - est on other investments by local

The net receipts of secondary income account, or current