A senior lawmaker on Wednesday gave President Ferdinand Marcos Jr. an “above-par” rating in his first year in office, having made “notable breakthroughs.” Know more:
A SENIOR lawmaker on Wednesday gave President Ferdinand Marcos Jr. an “above-par” rating in his first year in office, having made “notable breakthroughs” in his goal to deliver jobs and attract more investments while putting the economy back on its pre-pandemic path of high and inclusive growth.
As the President marks this week his first 12 months at Malacañan Palace, his administration has “reported a higher employment rate; generated local and foreign direct investments and pushed business-friendlier reforms that create even more jobs and restored the economy to its pre-pandemic high-and-inclusive-growth trajectory; accelerated programs to attack poverty and provide economic relief to disadvantaged sectors such as the jobless, low-income families, farmers and the homeless; and...
Because of its strong performance, Villafuerte said that Moody’s Analytics sees the Philippines becoming the region’s third fastest-growing economy next year with a GDP expansion of 5.4 percent, next to Vietnam with its projected 5.5 percent growth and to China and India, which have identical forecasts of 5.6 percent growth.
He said that easing inflationary pressures, along with other positive metrics such as declining debt and growing fiscal consolidation, had prompted Fitch Ratings to issue its stable credit outlook for the Philippines.
In the separate survey by the OCTA Research Group done during the first quarter, 54 percent felt their quality of life would improve over the next six months, from 51 percent in the previous quarterly poll, and that 50 percent, from the earlier 46 percent, believed the economy would get better in the next semester.
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