The best is yet to come in terms of the country's economic recovery under the Marcos administration.
House Speaker Martin Romualdez confidently made this declaration Tuesday morning, Nov. 29 at Business World's Economic Forum held at the Grand Hyatt Manila in Taguig City.
Romualdez, President Ferdinand "Bongbong" Marcos Jr.'s top ally in the legislature, addressed during the event members of the local business community on the current economic direction of the Philippines
“We are on the first stage to full economic recovery and we are marching in the right direction,” said the Leyte 1st district congressman.
“Judging from interests shown by global businessmen in our international roadshow with the President, the Philippines may soon become the favorite investment destination in Asia. We, in Congress, are committed to bring this goal to reality,” Romualdez said. "Now is the opportune time to invest in the Philippines."
“The best is yet to come,” the House leader further said, even as he appealed to the business sector and the public in general to “stay the course with us, and share the benefits of progress and development".
He said the Marcos administration has crafted an "Agenda for Prosperity", which has as its core mission the country’s economic transformation towards inclusivity and sustainability.
“We in Congress are one with the President in this mission,” added Romualdez, president of the Lakas-Christian Muslim Democrats (Lakas-CMD) party.
He noted the Philippines' gross domestic product or GDP improved by an average of 7.7 percent for the first three quarters of 2022. He said it only needs to grow by 3.3 percent to 6.9 percent this fourth quarter to meet the growth target of 6.5 percent to 7.5 percent this year.
Romualdez said the administration’s economic development objectives were spelled out in the medium-term fiscal framework and its eight-point socio-economic plan, which the House of Representatives had adopted through Concurrent Resolution No. 2 shortly after the 19th Congress convened in July.
Marcos officially took over the Palace seat only last June 30.