Marcos: Govt to find ways to ramp up economy
PRESIDENT Ferdinand "Bongbong" Marcos Jr. vowed his administration will continue to come up with ways to ramp up the economy to meet if not exceed the International Monetary Fund's projected six percent gross domestic product (GDP) growth for the country this 2023.In its World Economic Outlook for April, the IMF raised its GDP forecast for the Philippines from the earlier forecast of five percent for the year.This means the international lender sees the Philippines as the fastest growing economy not just in the region but also in Asia, overtaking India's 5.9 percent, Vietnam's 5.8 percent, China's 5.2 percent, Indonesia's five percent, Malaysia's 4.5 percent and Thailand's 3.4 percent."We will further enhance our efforts focused on growing the economy towards a new Philippines," Marcos said in Filipino as he shared the news on his official social media accounts.
PRESIDENT Ferdinand "Bongbong" Marcos Jr. vowed his administration will continue to come up with ways to ramp up the economy to meet if not exceed the International Monetary Fund's projected six percent gross domestic product (GDP) growth for the country this 2023.
In its World Economic Outlook for April, the IMF raised its GDP forecast for the Philippines from the earlier forecast of five percent for the year.
This means the international lender sees the Philippines as the fastest growing economy not just in the region but also in Asia, overtaking India's 5.9 percent, Vietnam's 5.8 percent, China's 5.2 percent, Indonesia's five percent, Malaysia's 4.5 percent and Thailand's 3.4 percent.
"We will further enhance our efforts focused on growing the economy towards a new Philippines," Marcos said in Filipino as he shared the news on his official social media accounts.