00:00The Banco Central de Filipinas or BSP's latest set of forecasts showed the country's overall
00:05balance of payments or BOPs for 2024 and 2025 indicated continued resilience.
00:11The central bank's assessment is underpinned mainly by stable but moderate global and domestic
00:16economic growth prospects, a decelerating inflation trajectory, geopolitical and weather
00:22shocks as well as the possibility of shifts in U.S. trade and investment policies under
00:27the Trump administration.
00:29Also economic growth worldwide is expected to remain steady in 2025 with growth mainly
00:34coming from advanced economies.
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