BSP Governor: Philippines on strong path to recovery and upper middle-income status
Speaking at his first international media briefing of the year, Philippines central bank chief Benjamin E. Diokno shared the country’s latest economic indicators and the sectors he expects will drive FDI in 2022.
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Speaking at his first international media briefing of the year, Philippines central bank chief Benjamin E. Diokno shared the country’s latest economic indicators and the sectors he expects will drive FDI in 2022.
ManilaFebruary 22, 2022
The Philippines is on a strong path to economic recovery and is set to join the ranks of upper middle-income nations, Bangko Sentral ng Pilipinas (BSP) governor Benjamin E Diokno believes
Speaking to a group of international reporters earlier this month, the governor backed his views with the country’s key economic indicators:
The country’s GDP grew by 7 7% in the fourth quarter of 2021, bringing full year growth to 5 6%, exceeding the government’s target of 5 5% Foreign direct investment (FDI) returned to pre-pandemic levels, totalling $8 1 billion between January and October 2021 – a 48 1% increase compared to the same period in 2020 The unemployment rate continued to fall throughout 2021...¬ Haymarket Media Limited. All rights reserved.
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