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Manila Bulletin devider Philippines devider 'Good economy' to be passed on to Duterte's successor --- Andanar

'Good economy' to be passed on to Duterte's successor --- Andanar

Published May 13, 2022 02:27 pm

Malacañang is confident that President Duterte will be turning over a good economy to his successor following reports of the country's growing gross domestic product (GDP) and foreign direct investment (FDI).

Sec. Martin Andanar FB page

Communications Secretary Martin Andanar made this statement after the Philippine Statistics Authority (PSA) reported that the country's GDP posted an 8.3-percent growth in the first quarter of 2022.

In his press briefing on May 12, Andanar said the GDP growth was yet again another Duterte legacy.

"Maayos na ekonomiya ang isang napakagandang Duterte legacy na ipapamana ng Pangulong Duterte sa susunod na administrasyon (One outstanding Duterte legacy is a good economy that the next administration will inherin)," he said.

According to the former broadcaster, the growing GDP reflects the effectiveness of the government's response to the Covid-19 pandemic.

"This is a testament to how effective the approach of the administration is in ensuring our people’s safety from Covid-19 while giving the public the opportunities to alleviate hunger and joblessness," Andanar.

Aside from this, the acting Palace spokesman welcomed the Bangko Sentral ng Pilipinas (BSP) report that the FDI net inflows jumped by 46.3 percent year-on-year in February to reach $893 million in February 2022 from $611 million recorded in February 2021.

Andanar likewise shared another good news citing preliminary data from the PSA, which showed that manufacturing grew at its fastest pace in seven months last March 2022.

"Manufacturing surged more than four times or 336.3 percent year-on-year in March. Isang magandang ekonomiya (A good economy)," he said.

Related Tags

economy 2022 elections Martin Andanar duterte legacy GDP Gross domestic product
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