PHPUSD Outlook

philippines is struggling alot, offshore workers going back. so foreign remittance decreased alot. Tourism decreased by 75% + -, unemployment is going to keep going up and the government have to keep borrowing money from outside. GDP -16.5&, GNI -17%, Inflation 2.7% July 2020, trade exports: $5.33 p Imports: $6.63 p =balance of trade $-1.3p )fob value in billions(June 2020 stats), The country though, would benefit from a much weaker php, focus on more export, and you need to be price competetive, cut imports. Weaker php also means increased tourism boom once covid start normalizing. Just my thoughts.