President Ferdinand “Bongbong” Marcos Jr. expressed satisfaction as the Philippine economy showed a stronger performance in the first quarter of 2025, according to Malacañang.
“Natutuwa po ang ating Pangulo, lalung-lalo na po, of course, ang administrasyon dahil nakikita na po at nababanaag, nagma-manifest na po ang mga pagsisikap ng ating mga opisyales para po mapaangat po talaga ang ekonomiya ng bansa,” Palace Press Officer Undersecretary Atty. Claire Castro stated during a briefing.
The Philippine Statistics Authority (PSA) reported that the country’s gross domestic product (GDP) expanded by 5.4% from January to March this year, surpassing the revised growth rate of 5.3% recorded in the final quarter of 2024. This marks the fastest quarterly growth since the third quarter of 2024, though slightly below the 5.9% growth achieved in the first quarter of last year.
Finance Secretary Ralph Recto highlighted that the latest data reflect the Philippine economy’s resilience, emphasizing a robust job market, rising private consumption, and easing inflation.
“Our growth is strong, inflation continues to ease, private consumption is rising, and our job market remains vibrant. These are clear signals of accelerating domestic demand ahead, which is our strongest shield against external headwinds and trade wars,” Recto noted.
The Finance chief remains optimistic about achieving the government’s 6% growth target for 2025, citing continued fiscal management, improving trade relations, and other policy measures aimed at sustaining economic momentum.
