The administration of President Ferdinand “Bongbong” Marcos, Jr. is showing multiple signs of strong economic growth, House ways and means panel chairperson Joey Salceda of Albay said Thursday.
Salceda made the remark after the Philippine Statistics Authority reported that the country posted a“All demand areas posted quarter-on-quarter growth, indicating that there is momentum for growth. The fourth quarter, a high-demand quarter due to Christmas spending and bonuses, will likely be better than this quarter. President Marcos’ first year in office will probably notch the strongest GDP performance in the region, and one of the best in Asia,” Salceda pointed out.
Salceda said the September jobs report showed the largest year-on-year jobs gainer in the manufacturing sector with 1.09 million jobs created. "We can sustain this growth, especially given the Marcos administration’s shift from pandemic to endemic mode for COVID-19. Moving forward, the biggest threat to sustaining growth next year is still inflation. As I advised the President, it will still be food, feed, and fuel,” Salceda added.
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