President Ferdinand ”Bongbong” Marcos Jr. is elated with the country’s economy expanding faster in the first three months of 2025, Malacañang said Friday.
”Natutuwa po ang ating Pangulo, lalung-lalo na po, of course, ang administrasyon dahil nakikita na po at nababanaag, nagma-manifest na po ang mga pagsisikap ng ating mga opisyales para po mapaangat po talaga ang ekonomiya ng bansa,” Palace Press Officer Undersecretary Atty. Claire Castro said in a briefing.
(The President is happy and of course, the administration, because we see the hardships of the officials to improve the country’s economy.)
According to the
Philippine Statistics Authority
(PSA), the country’s gross domestic product (GDP) —the value of goods and services produced in a period— grew faster by 5.4% in the first quarter of 2025, which was higher than the upwardly revised growth rate of 5.3% in the last quarter of 2024
This was also the fastest GDP growth rate seen since the third quarter of 2024, albeit slower than the 5.9% growth recorded in the first quarter of 2024.
At constant prices, the economy reached a value of P5.477 trillion during the period, up 5.4% from P5.196-trillion GDP seen in the same quarter last year.
Amid this development, Finance Secretary Ralph Recto said that the first quarter performance highlights the continued strength and resilience of the Philippine economy, even amid rising global uncertainties.
“Our growth is strong, inflation continues to ease, private consumption is rising, and our job market remains vibrant. These are clear signals of accelerating domestic demand ahead, which is our strongest shield against external headwinds and trade wars,” Recto said.
The Finance chief expressed confidence that the government will hit its 6% growth goal for 2025, citing steady fiscal consolidation, easing inflation, and progress in trade negotiations with key partners, among other initiatives.
— RSJ, GMA Integrated News
This article
Marcos elated with PH economy growing faster in Q1 2025 — Palace
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GMA News Online
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