The Philippine economy is showing signs it would begin posting “positive” growth in the first three months of 2021, the Bangko Sentral ng Pilipinas (BSP) said on Thursday. “Notably, grocery and pharmacy figures were shown to come close to the baseline period, approaching pre-quarantine levels,” he added. And the central bank governor said he also saw high gross domestic product (GDP) growth in the second quarter because of base effects. “Remember, the worst happened during the second quarter of last year. For this year, the government’s official GDP forecast range was set at 6.5 to 7.5 percent.

Source: Manila Times January 07, 2021 16:30 UTC