Daily News

BSP chief: Worst over for economy

The worst may be over for the economy, which is starting to reopen after months of inactivity due to mobility restrictions to slow the spread of the coronavirus disease 2019, but its recovery may be fragile, Governor Benjamin Diokno, head of the Bangko Sentral ng Pilipinas (BSP) or central bank said. He said the second quarter was likely the worst for the economy in terms of gross domestic product (GDP) contraction.