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President Marcos expressed confidence the country will achieve an eight percent gross domestic product growth rate under his term even as he admitted that inflation remains the “biggest problem.”
“We just have to adjust along the way as we continue to transform the economy. I think it is doable,” he added.‘’Inflation is still our biggest problem. And when you, when you separate core inflation to inflation that involves agri products, for example, you can see that the core inflation, we’re doing rather well in terms of controlling it. But again, these shocks keep coming in,’’ Marcos said.
“Our economic liberalization measures signal the dawn of a new era of investments here in the Philippines,” he said. The event — the first high-level WEF meeting to be convened in the Asia-Pacific region since the end of the pandemic — was attended by members of the President’s economic team, WEF President Børge Brende and several international business leaders.
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