7.6 percent GDP increase, good news — Marcos

7.6 percent GDP increase, good news — Marcos

By Liezelle Soriano

MANILA — President Ferdinand “Bongbong” Marcos Jr. said the recorded 7.6 percent growth of the Gross Domestic Product in the third quarter of 2022 is a piece of good news.

“Well, that’s very good news for us. That is actually a little higher than our estimates of 6.5 to 7.5 for the last quarter,” Marcos said.

Marcos added that agriculture also recorded a 2.2 percent growth rate.

“And even in agriculture, I’m very happy to say that there is a specific measure of the growth of the agricultural sector by 2.2 percent and so something is — that the economy is moving,” the President said.

The Chief Executive also said that the recorded 7.7 percent inflation rate in the country last October is worrying.

“We are always very conscious of the inflation rate because this is — reflects the cost of living of ordinary people. So that is still of great concern to us. But we have created the jobs, we have started the growth and that will pull us out of the debt that — situation that we are in,” Marcos said.

(ai/mtvn)

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