‘Sources of resilience’ to shield PH economy from ‘external headwinds’ — BSP exec
Credit to Author: The Manila Times| Date: Wed, 06 Mar 2019 08:24:47 +0000
THE Philippines has “sources of resilience” that will shield the economy from external headwinds.
“While we are not completely immune to external headwinds, we believe that we have sources of resilience that would keep the economy stable,” Bangko Sentral ng Pilipinas Deputy Governor Chuchi Fonacier told particiants of the The Manila Times 9th Business Forum in Makati City on Wednesday.
Fonacier said these sources of resilience included the decelerating inflation rate, high dollar reserves and the strong Philippine banking system. MAYVELIN U. CARABALLO
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