How the Philippines is responding to the crisis
Amando Tetangco, Jr, the governor of the Central Bank of the Philippines, said though the full recovery of the global financial system may take some time, the key challenge was to continue to provide support for domestic demand.
Speaking in Makati on 11 August, the governor summarised the situations of the global and domestic economies, described the latest outlook for the economy and some key challenges, and finally outlined the actions taken by the central bank to mitigate the impact of the
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