Trade deficit widens to hit 16-month high

The Philippine trade deficit ballooned to its widest in 16 months in July as imports and exports bounced back from a month of contraction. Preliminary data from the Philippine Statistics Authority (PSA) showed the trade-in-goods balance—the difference between exports and imports—amounted to a $4.87 billion deficit in July, increasing from the $4.32-billion shortfall recorded in
Read The Rest at :