VERA Files
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.
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.
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.”
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.”
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.
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.
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.
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%.
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%.
The COVID-19 pandemic forced the government to borrow at the historic level of P3.2 trillion to manage the unprecedented health and economic crises that included providing stimulus packages for small businesses, unemployment benefits, incentives and financial assistance for health and other essential workers. The national debt in 2021, a year after the pandemic hit, reached […]