Economy on 'steady path' to recovery

Economy on 'steady path' to recovery – DoF

By Tiziana Celine Piatos

Aug 10, 2022 12:26 am

DEPARTMENT of Finance (DoF) Secretary Benjamin Diokno reassured the public that the Philippine economy is on a steady path to recovery and expansion, as evidenced by the gross domestic product (GDP) growth of 7.4 percent across the board in the second quarter of 2022.

In a statement issued by the Finance department, Diokno attributed the economy's 'strong growth' to improved labor conditions, greater mobility and government support for the economy in the second quarter.

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