Achieving an eight percent gross domestic product (GDP) growth in the Philippines is doable, President Marcos said.

Marcos said it could be attained, stressing that the Philippine government "always plans for the ideal."

"Sure. Why not?" Marcos said in a Bloomberg interview when asked if the eight percent GDP growth would be achieved during his term.

"We always plan for the ideal. We don't plan for a mediocre result. We plan for a very good result. And as I said, we just have to adjust along the way as we continue to transform the economy. But, yes, I think it is doable," he added.

The President said that "much of the policies that we've taken on are really to do to spur growth," stressing that only growth would pull the country up from the economic impacts of the pandemic.

"[E]ven in terms of debt ratios, even in terms of unemployment, in terms of inflation, it really is growth. That seems to be the key. Is it sustainable if we continue down this road," he said.

He further said that if the country is also agile in terms of responding to external shocks such as those "we cannot control or have very little influence over," the ideal GDP growth would be attainable.

The Chief Executive also said the country is not yet ready to bring down the rates as inflation remains the "biggest problem."

"Perhaps we look at it almost every week to see if it's time to bring down the rates. We are not yet there," he said, referring to bringing the rates down.