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Manila Bulletin devider Philippines devider National devider Revilla commends PBBM for PH's GDP growth in Q3

Revilla commends PBBM for PH's GDP growth in Q3

Published Nov 9, 2023 08:38 am

Senator Ramon “Bong” Revilla, Jr. lauded President Marcos and his economic team on the country's Gross Domestic Product (GDP) growth for the third quarter of this year.

This, after the Philippine Statistics Authority (PSA) reported a 5.9 percent year-on-year growth in the third quarter which is faster than the 4.3 percent recorded in the second quarter, exceeding market expectations.

The Philippines bested neighbors in the region, with Vietnam at 5.3 percent; Indonesia and China at 4.9 percent; and Malaysia at 3.3 percent.

"Binabati natin ang pangulo at ang kanyang buong (We commend the President and his whole) economic team for steering the country in the right direction," Revilla said in a statement.

"While we have to hit 7.2 percent growth in Q4 (fourth quarter) to attain our target for this year, I am optimistic that we will be doing even better by year-end," the senator said.

What is important, according to Revilla, is that the country is now in the right direction.

"What we need now is to continue with what we are doing para mas mabilis na maramdaman ng ating mga kababayan ang pag-usad ng ating ekonomiya (so that our citizens can quickly experience the economy's progress)," the lawmaker further said.

"Magandang senyales ito para matugunan ang inflation at pagtaas ng mga presyo (This is a good sign that will address inflation the rising price of goods)," he added.

Related Tags

GDP growth Senator Bong Revilla President Marcos
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