A RECESSION is unlikely in the Philippines, according to President Ferdinand R. Marcos, Jr., citing the improvement in jobs market in October.
“I’m confident that recession will not happen in the Philippines because the unemployment rate is very low and if you remember, this administration has been prioritizing the creation of jobs since the beginning,” Mr. Marcos said in mixed English and Filipino in a video message sent to reporters.
At the same time, Finance Secretary Benjamin E. Diokno said recent economic data would indicate a “sustained, strong fourth-quarter economic performance.” “With strong growth, the implication is that with the peso stabilizing and oil prices falling, inflation, which is the top concern of the present administration, will soon fall,” Mr. Diokno said.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos confident Philippines won’t experience recession“Kaya’t kahit papaano ay malakas ang loob natin na hindi tayo magkakaroon ng recession dito sa Pilipinas dahil masyadong mababa ang unemployment rate at kung maaalala ninyo sa pagsimula namin dito sa administrasyong ito ay pinag-usapan na namin ay trabaho talaga ang aming uunahin. Kaya’t ‘yan ang nakikita ngayon natin na nangyayari. Ipagpatuloy lang natin ‘yan,” President Ferdinand “Bongbong” Marcos Jr. said.
Read more »
PH won't fall to recession --- MarcosPresident Ferdinand “Bongbong” Marcos Jr. is confident that the Philippines will not fall into an economic recession amid the soaring inflation.
Read more »
Marcos confident PH won't fall into recession amid high inflationAMID high inflation, President Ferdinand 'Bongbong' Marcos Jr. is confident that the Philippines will not fall into a recession because of the low unemployment rate in the country. Read more:
Read more »
Marcos Jr. confident PH will avoid recessionPresident Ferdinand Marcos Jr. said he was confident that the Philippines would not fall into an economic recession despite surging inflation, which reached a 14-year high of 8 percent in November. | NCorralesINQ /PDI
Read more »
Marcos: Growth on track amid ‘rampant’ inflationMANILA, Philippines — While he admitted that inflation is “running rampant and out of control,” President Ferdinand Marcos Jr. on Tuesday said the Philippines is still on track “to maintain
Read more »
36 Years: International ties under Marcos 2.0What factors play into how the world sees the second Marcos president? Bookmark this page to watch the latest episode of 36Years:
Read more »