Smaller trade-related surplus could hamper the Philippines.

Australasian Business Intelligence, January, 2003

Jan 21, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)

The Philippines Government issued revised current account surplus data last week. Its 2000 surplus was reduced from $US9.19 billion to $US5.87 billion, while its 2001 surplus was cut from $US4.03 billion to $US305 million. The Government claimed the reductions would not have an impact on economic growth, and advised investors not to worry. Isaiah Frank, an economics professor at John Hopkins University, regards the revisions as serious. HSBC's Arthur Woos notes that the current account signals how much a country must depend on savings to pay for domestic investment.

Publication Date: 20 January 2003

JOHN HOPKINS UNIVERSITY.  SCHOOL OF 

ADVANCED INTERNATIONAL STUDIES:...

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