“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.
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