Poging GOUD - Vrij

Current account deficit flagged

Manila Bulletin

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June 19 2025

The Philippines is facing a growing dollar earnings or current account, placing it in the middle of the pack in the latest macro risk assessment of 27 key emerging markets (EMs) by DBS Bank Ltd.

- By BEN ARNOLD DE VERA

In a June 17 report authored by DBS senior economist Han Teng Chua and data analytics analyst Daisy Sharma, the Philippines ranked 11th overall among the 27 EMs included in the Singapore-based bank’s annual country risk heatmap for 2024—a notch higher than 12th place in 2023.

The Philippines ranked fifth in 2016; first in 2017; fifth again in 2018 and 2019; and second in 2020. It slid to eighth place in 2021 and fell further to 10th in 2022.

“Within ASEAN [the Association of Southeast Asian Nations], the Philippines and Thailand have dropped, due to weaker public finances and savings-investment balances,” DBS explained.

MEER VERHALEN VAN Manila Bulletin

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