MANILA, Philippines—The recovery of the Philippine economy from its worst postwar contraction in 2020 is starting to gain traction as shown by the strength of the latest key indicators, the head of the Philippine central bank told foreign businessmen and diplomats recently.
Speaking before the Joint Foreign Chambers, a highly-respected group of foreign diplomats and business leaders, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said economic managers “have started to see green shoots as early as the third quarter of last year.”
“After the World Health Organization declared COVID-19 as a pandemic about one year and four months ago, we can now say that the worst is be…
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