Sound macroeconomic fundamentals seen aiding Philippines: Central Bank


Benjamin Diokno. - PDI

MANILA (Philippine Daily Inquirer/Asia News Network): The Philippines’ recovery from the deepest output contraction since World War II is being supported by sound fundamentals, which pave the way for a much stronger economy after the pandemic, according to the country’s chief monetary regulator.

Speaking before Japanese investors in a recent online forum, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno pointed to the 11.8-per cent growth in the second quarter as evidence of this.

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