Philippines on track for ‘full recovery’ from recession in 2020, central bank governor says. Analysts warn of headwinds from the Russia-Ukraine war and potential US economic slowdown. Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said countries should work together to manage the impact of the Ukraine war. Inflation in the Philippines climbed to a six-month high of 4% in March. The BSP said inflation could breach its 2-4% target range by the second half of the year. A slowdown in the US economy could spill over to Asia-Pacific economies, including the Philippines.
News source: https://www.bworldonline.com/top-stories/2022/04/25/444235/bsp-bullish-on-phls-full-recovery/
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