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Philippine Star
Philippine Star
Louise Maureen Simeon – The Philippine Star January 12, 2022 | 12:00am MANILA, Philippines — The country’s trade shortfall widened to a record high in November as the economy reopened, with imports, particularly oil, flowing in at faster-than-expected pace. Data from the Philippine Statistics Authority (PSA) showed the trade deficit soared by 119.5 percent to reach a record-high $4.71 billion in November, from $2.14 billion in the same month a year earlier. The November data was also a significant jump from the $4.02 billion trade gap recorded the previous month. Imports continued to accelerat…