Indeed, the conditions for a broadening and strengthening of the recovery are in place. Starting with external developments, economic growth outside the euro area remains strong and this should promote euro area exports. As regards domestic developments, investment should benefit from the positive external environment and the favourable financing conditions within the euro area.
In fact, the number of investors as of end-July this year has only reached 1,586, with contributions amounting to PHP 137 million. 3/4  BIS central bankers' speeches  PERA presents an opportunity for small investors to grow their retirement funds. Harnessing technology, PERA can now be accessed digitally.