economy Archives

VERAFIED: Data contradict Marcos claim that PH economy is fastest growing in the world

VERA FILES FACT CHECK: Data contradict Marcos’ claim that PH economy is ‘fastest growing’ in the world

By VERA Files | Jun 06, 2023 12:15 PM

Speaking before his supporters in Cebu City last May 27, President Ferdinand Marcos Jr. boasted that the Philippines is the “fastest growing country in the world,” attributing this to the right direction his administration has taken to fulfill his campaign promises. This is at least the second time, by VERA Files Fact Check’s count, that Marcos made an inaccurate claim about the Philippines’ economic standing.

economy, Ferdinand "Bongbong" Marcos, GDP

VERAFIED: Marcos, DOF falsely claim PH leads GDP growth forecast in Asia

FACT CHECK NED FC

VERA FILES FACT CHECK: Marcos, DOF falsely claim PH leads GDP growth forecast in Asia

By VERA Files | Apr 28, 2023 3:01 PM

The Philippines does not have the highest projected GDP growth among Asian countries. It ranks fourth in the IMF’s 30 emerging and developing economies in the region, with a projected GDP growth of 6%. Palau holds the top spot with 8.7%, followed by Maldives with 7.2%.

economy, Ferdinand “Bongbong” Marcos Jr., GDP, Philippines

VERAfied: Marcos’ claim on decreasing gov’t debt misleads

FACT CHECK NED FC

VERA FILES FACT CHECK: Marcos’ claim on decreasing govt debt misleads

By VERA Files | Mar 17, 2023 2:27 PM

The figures are referring only to gross borrowings or new debt that the government has incurred.

debt, economy, Ferdinand "Bongbong" Marcos

#VERAFied: Salceda’s remark that Philippines has ‘one of the lowest’ inflation rates in the world lacks context

FACT CHECK NED FC

VERA FILES FACT CHECK: Salceda’s remark that Philippines has ‘one of the lowest’ inflation rates in the world lacks context

By VERA Files | Mar 13, 2023 2:28 PM

Compared to other Southeast Asian countries, the Philippines’ inflation is the sixth highest recorded in 2022. Economic experts say that even if the Philippine economy posted growth, inflation grew faster since December.

economy, inflation, Joey Salceda, Philippines

FACT CHECK NED FC

VERA FILES FACT CHECK: Marcos claim on ‘slowing’ inflation rate needs context

By VERA Files | Jan 16, 2023 1:55 PM

Reacting to the country’s 8.1% inflation rate posted in December 2022, President Ferdinand “Bongbong” Marcos Jr. noted that the increase in prices of goods and services is slowing. This needs context.

Beijing, China, economy, Ferdinand “Bongbong” Marcos Jr., inflation rate

Fact Check Filipino

VERA FILES FACT CHECK: Pahayag ni Marcos sa ‘pagbagal’ ng inflation rate nangangailangan ng konteksto

By VERA Files | Jan 16, 2023 1:55 PM

Bilang reaksyon sa 8.1% inflation rate ng bansa na naitala noong Disyembre 2022, sinabi ni Pangulong Ferdinand “Bongbong” Marcos Jr. na bumabagal ang pagtaas ng presyo ng mga bilihin at serbisyo. Ito ay nangangailangan ng konteksto.

Beijing, China, economy, Ferdinand “Bongbong” Marcos Jr., inflation rate

Fact Check Filipino

VERA FILES FACT CHECK: Joint statement ni BSP governor Medalla kasama ang mga economic managers na sumusuporta sa Maharlika Investment Fund bill nangangailangan ng konteksto

By VERA Files | Dec 12, 2022 6:57 PM

Kabilang sa mga unang nagpahayag ng mga reserbasyon sa panukalang Maharlika Investment Fund (MIF) bill, si Bangko Sentral Governor Felipe Medalla ay sumama sa iba pang economic managers sa pagsulong ng batas nito, na nagsasabing ito ay isang “sinubukan at nasubok” na investment vehicle for growth. Ito ay nangangailangan ng konteksto.

Bangko Sentral ng Pilipinas, Benjamin Diokno, economy, Felipe Medalla, GSIS, Maharlika Investment Fund, Maharlika Wealth Fund, Martin Romualdez, Sovereign Wealth Fund, SSS, Stella Quimbo

FACT CHECK NED FC

VERA FILES FACT CHECK: BSP governor Medalla’s joint statement with economic managers supporting Maharlika Investment Fund bill needs context

By VERA Files | Dec 12, 2022 6:57 PM

Bangko Sentral Governor Felipe Medalla, who initially voiced reservations over the proposed Maharlika Investment Fund (MIF) bill, has joined other economic managers in pushing its legislation, saying it is a “tried and tested” investment vehicle for growth. This needs context.

Bangko Sentral ng Pilipinas, Benjamin Diokno, economy, Felipe Medalla, GSIS, Maharlika Investment Fund, Maharlika Wealth Fund, Martin Romualdez, Sovereign Wealth Fund, SSS, Stella Quimbo

Fact Check Filipino

VERA FILES FACT CHECK: Pahayag ni Marcos na ang pagbibigay ng ‘ayuda’ ay kanyang ‘top priority’ nangangailangan ng konteksto

By VERA Files | Nov 15, 2022 1:13 PM

Sinabi ni Pangulong Ferdinand Marcos Jr. na ang kanyang administrasyon ay naglalagay ng “patuloy na tulong” para sa proteksyong panlipunan at kabuhayan “sa tuktok” ng listahan ng prayoridad nito. Ito ay nangangailangan ng konteksto.

assistance, ayuda, bongbong marcos, budget, DOLE, DSWD, economy, ofws, OWWA, Pandemic, social protection, TUPAD

FACT CHECK NED FC

VERA FILES FACT CHECK: Marcos’ claim that giving ‘ayuda’ is his ‘top priority’ needs context

By VERA Files | Nov 15, 2022 1:13 PM

Although the Marcos administration placed “social protection” as one of its budget priorities for “human capital development,” Sonny Africa, executive director of the nonprofit IBON Foundation, noted that the total allocation for these programs in 2023 is P33.28 billion less than the P262.67 billion for 2022.

assistance, ayuda, bongbong marcos, budget, DOLE, DSWD, economy, ofws, OWWA, Pandemic, social protection, TUPAD