Statement of Malacañang on PH Economy Growing Faster in First Quarter of 2025
Malacañang expressed that President Bongbong Marcos is happy over the fast growth in the Philippine economy in the first quarter of 2025.
After a few days since the calendar moved into a new quarter, the Philippine Statistics Authority (PSA) released details about the economy of the country in the first quarter of 2025. According to PSA, the gross domestic product or GDP of the country which refers to the value of goods and services in a given period showed growth by 5.4%.
The GDP growth in the first quarter of 2025 is higher than the growth recorded in the last quarter of 2024 which was at 5.3%. Based on a report on GMA News, Finance secretary Ralph Recto said that the performance of the Philippine economy in the first quarter shows the continuous strength and resilience of the country.
The Finance chief is confident that the government will reach its 6% GDP growth target by the end of 2025. Recently, Malacañang gave a statement on the reaction of Pres. Bongbong Marcos who is recently busy for the Alyansa campaign sorties on the fast growth of the economy in the first quarter of 2025.
Based on the report, Malacañang press undersecretary Atty. Claire Castro said that Pres. Bongbong Marcos is happy over the fast growth in the economy of the country as it shows the worth of the hardships of the officials to boost the economy of the country.
”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,” Castro said.
Currently, the Philippines is near to its May 2025 Midterm polls which is set on Monday, May 12. Both local and national elections are set to be held. The Marcos administration has its own set of senatorial bets — the candidates under the Alyansa Para Sa Pagbabago.
The Alyansa is a product of the merging of several huge political parties in the country — the Partido Federal ng Pilipinas (PFP), the Lakas–Christian Muslim Democrats (Lakas-CMD), the National Unity Party (NUP), the Nationalist People’s Coalition (NPC), and the Nacionalista Party.
Amid the elections drawing near, an impeachment complaint was attempted to be filed against Pres. Bongbong Marcos. It did not push through for a reason.