Benjamin E Diokno: Prospects for a productive partnership Speech by Mr Benjamin E Diokno, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the Fund Managers Association of the Philippines, Inc. General Membership Meeting , Manila, 2 February 2022.
The Development Budget Coordination Committee estimates real GDP growth would be flat or would contract slightly in 2020, incorporating the adverse effects of COVID-19 on the supply and demand sides of the economy. However, domestic activities are expected to resume once containment measures are lifted and a full recovery is expected in 2021.