BSP chief: Worst is behind us, PH economy set for recovery
BSP Governor Benjamin Diokno stated that the worst is behind us for the Philippine economy despite a 16.5% contraction in the second quarter.
Diokno believes economic activity will improve as restrictions ease and the country gradually reopens.
He noted that while the second quarter's performance was due to strict lockdown measures, he expects the third quarter to be better than the second, with the fourth quarter showing even more improvement.
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