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'Big opportunities exist' for growth – McKinsey

THE Philippines can achieve 'sound economic growth' despite global headwinds if companies in key sectors take advantage of opportunities to adapt and innovate, McKinsey & Co. said.

In a March 7 report, the global management consulting firm noted that the world was again in an era of upheaval — caused by the Covid-19 pandemic and geopolitical events — similar to the post World War 2 boom, the 1972-1974 'Era of Contention' and the 1989-1992 'Era of Markets.'

Skyscrapers are seen along Ayala Avenue in the center of the Makati Business Distict, Friday. PHOTO BY J. GERARD SEGUIA