PHL’s twin deficits to persist — Nomura

THE PHILIPPINES’ twin fiscal and current account deficits are seen to persist, Nomura Global Markets Research said. In its Global Macro Outlook 2025 report, Nomura said the Philippines’ twin deficits will “remain significant.” “In the Philippines, we expect the government to slightly miss the targets under its medium-term fiscal framework (MTFF), running a still-large deficit