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."

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