13 July 2022 No Spinning the Philippines' May Trade, but the PHP Fall is Overdone

Miguel Chanco (Chief EM Asia Economist)12th Jul 2022 15:19Emerging Asia, Daily Monitor

The Philippines' trade deficit fell to a new low in May, with exports sagging and imports outperforming...

...We see no reason to cheer the latter, as it is being driven mainly by commodity price effects.

The window to call time on the peso’s plunge is coming, as it’s looking overdone against the REER.

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Keywords for: No Spinning the Philippines' May Trade, but the PHP Fall is Overdone

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