The Philippines set to rebound, says governor

“The worst is behind us. The recovery phase has begun, ” Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno (pic) told the Reuters Next conference, citing “green shoots” such as improvements in remittances and foreign direct investments.

MANILA: The worst is over for the pandemic-hit Philippine economy, and a “remarkable rebound” is expected this year, according to the central bank chief, 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 (pic) told the Reuters Next conference, citing “green shoots” such as improvements in remittances and foreign direct investments.