SONA 2024 PROMISE TRACKER: Economy
Halfway through his term, President Ferdinand Marcos Jr.’s administration has yet to hit all of its economic targets but he remains “optimistic” about the country’s “sustained resilience” despite global pressures.
Tag Archives: GDP
VERA FACT CHECK: Pananaw ni Diokno sa debt-to-GDP ratio salungat sa kay Marcos
Isang araw bago ang briefing, binanggit ni Marcos ang kanyang pagkabahala sa debt-to-GDP ratio ng bansa sa harap ng mga miyembro ng United States-Association of Southeast Asian Nations Business Council.
VERA FILES FACT CHECK: Diokno’s outlook on debt-to-GDP ratio runs counter to that of Marcos
The day before the briefing, Marcos had raised his concern over the country’s debt-to-GDP ratio before members of the United States-Association of Southeast Asian Nations Business Council.
VERA FILES FACT CHECK: Report ni Marcos sa SONA tungkol sa 6.4% GDP growth rate nangangailangan ng konteksto
Iniulat ni Philippine Statistics Authority (PSA) national statistician Claire Dennis Mapa noong Mayo 11 na ang 6.4% GDP growth sa unang quarter ng 2023 ay "ang pinakamababang paglago na nairehistro pagkatapos ng pitong quarters nang magsimulang makabangon ang bansa mula sa pandemic sa ikalawang quarter ng 2021.”
FACT CHECK: Marcos’ report on 6.4% GDP growth rate in SONA needs context
Philippine Statistics Authority national statistician Claire Dennis Mapa reported on May 11 that the 6.4% GDP growth in the first quarter of 2023 was “the lowest growth registered after seven quarters when the country started to recover from the pandemic in the second quarter of 2021.”
SONA 2022 PROMISE TRACKER: ECONOMY
One year into office, President Ferdinand Marcos Jr. is yet to deliver “substantial” progress on his promises to improve the Philippine economic situation. But the administration’s economic managers stay optimistic that the country “remains firmly on track” toward post-pandemic recovery.
FACT CHECK: Data contradict Marcos’ claim that PH economy is ‘fastest growing’ in the world
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.
VERA FILES FACT CHECK: Datos salungat sa pahayag ni Marcos na ekonomiya ng PH ‘pinakamabilis na lumalago’ sa mundo
Ipinakikita ng pinakabagong mga statistic mula sa Asian Development Bank (ADB) na sa rehiyon ng Asia-Pacific pa lamang, ang Pilipinas ay nasa ika-siyam na ranggo sa gross domestic product (GDP) growth rate.
VERA FILES FACT CHECK: Marcos, DOF mali ang sinasabi na nangunguna ang PH sa GDP growth forecast sa Asia
Hindi Pilipinas ang may pinakamataas na projected GDP growth sa mga bansa sa Asia. Pang-apat ang ranggo ng bansa sa listahan ng IMF ng 30 emerging at developing economies sa rehiyon, na may projected GDP growth na 6%. Nangunguna ang Palau na may 8.7%, sinundan ng Maldives na may 7.2%.
FACT CHECK: Marcos, DOF falsely claim PH leads GDP growth forecast in Asia
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%.
