Marcos Praises Stronger PH Economic Growth in Q1 2025 as Signs of Progress Emerge

MANILA – President Ferdinand “Bongbong” Marcos Jr. expressed satisfaction over the Philippine economy’s improved performance in the first quarter of 2025, which Malacañang said reflects the administration’s ongoing economic efforts.

In a Palace briefing, Press Officer Undersecretary Claire Castro shared that the President was “elated” by the growth figures, which signal the success of initiatives aimed at revitalizing the economy.

The Philippine Statistics Authority reported that the country’s gross domestic product (GDP) grew by 5.4% from January to March 2025. This marks a slight increase from the revised 5.3% growth in the last quarter of 2024 and the fastest pace since Q3 2024—though still below the 5.9% seen in Q1 last year.

At constant prices, GDP reached ₱5.477 trillion in the first quarter, compared to ₱5.196 trillion in the same period in 2024.

Finance Secretary Ralph Recto attributed the strong showing to robust domestic demand, easing inflation, and a vibrant labor market. He expressed optimism that the Philippines remains on track to meet its 6% growth target for the year, highlighting continued fiscal reforms and progress in trade negotiations.

“These are clear signals of accelerating domestic demand ahead, which is our strongest shield against external headwinds and trade wars,” Recto said.