Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. - Bloomberg
MANILA (Reuters): The worst is over for the pandemic-hit Philippine economy, and a 'remarkable rebound' is expected this year, the central bank chief said on Tuesday (Jan 12), adding that the current accommodative monetary stance is sufficient for a revival in growth.
"The worst is behind us. The recovery phase has begun," Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno told the Reuters Next conference, citing 'green shoots' such as improvements in remittances and foreign direct investments.
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