President Ferdinand "Bongbong" Marcos Jr. said the country is slowly recovering from its previous economic slump after posting a 6.4-percent Gross Domestic Product (GDP) growth rate in the first quarter of the year. Marcos expressed this through a social media post on Thursday, May 11....
Allocate the equivalent of at least 6 percent of the Philippines' gross domestic product (GDP) to education. This, according to House Deputy Minority leader and ACT Teachers Party-list Rep. France Castro, will help the Marcos administration address the severe classroom backlog and learning crisis...
The National Economic and Development (NEDA) expects slower growth for next year due to substantial external and internal headwinds. Socioeconomic Planning Secretary Arsenio M. Balisacan said the economy would likely grow above seven percent this year, but it is expected to expand at a much slower...
House Speaker Martin Romualdez sees warmer relations between the Philippines and the United States (US) under the Marcos administration that will bring economic gains to the two nations. Speaker Martin Romualdez (right) speaks during a luncheon caucus of the US-Philippines Society at the Manila...
The third quarter 2022 Gross Domestic Product (GDP) growth rate was maintained at 7.6-percent. However, changes were observed in all industries except public administration and defense; compulsory social activities. The major contributors were: real estate and ownership of dwellings, from 3.1...
The Philippines' stronger than expected 2022 gross domestic product (GDP) growth rate of 7.6 percent is all well and good, but it must be felt by Filipinos. Bagong Henerasyon Party-list Rep. Bernadette Herrera “Economic growth must be inclusive and it must be felt all across the country for all...
The Philippine Statistics Authority’s announcement that the country achieved a 7.6 percent growth in gross domestic product (GDP) in 2022 affirms that, despite high inflation rates, the economy is on track in regaining its pre-Covid pandemic footing. This improves on the 5.7 percent growth in...
Senate President Juan Miguel “Migz” Zubiri on Thursday, January 26 welcomed the news of the Philippines’ latest gross domestic product (GDP) growth calling it as a “remarkable success” and credited the efforts of President Ferdinand “Bongbong” Marcos Jr.’s administration for such...
House Speaker Martin Romualdez has credited the country’s higher-than-expected full-year gross domestic product (GDP) growth rate in 2022 to President Ferdinand "Bongbong" Marcos Jr.'s leadership and decision-making. House Speaker Martin Romualdez (Speaker’s office) “Under the able leadership...
The Philippine Chamber of Commerce and Industry (PCCI) said the country’s impressive economic performance in 2022 will be a good foundation for continued growth this year. “The entire year looks promising, the 2022 GDP rate is giving the economy a strong rebound,” said PCCI President George...
An economist-congressman believes that "the best is yet to come" in terms of the economy after the Philippines exceeded expectations with its full year gross domestic product (GDP) growth rate. Albay 2nd district Rep. Joey Salceda (Facebook) “The 2022 full year GDP growth rate of 7.6 percent,...
Filipinos have not let high inflation rate stop them from spending in 2022, as the Philippine Statistics Authority (PSA) reports that the country’s economic growth performed better than expected last year to a record growth in more than four decades due to revenge spending. The economy, as...
