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Growth shows economy is in steady hands under PBBM – Speaker

admin May 8, 2025

Speaker Ferdinand Martin G. Romualdez.

THE 5.4% gross domestic product (GDP) growth posted by the Philippines in the first quarter of 2025 is a clear and reassuring sign that the country’s economy is in steady, competent hands under President Ferdinand “Bongbong” R. Marcos Jr., Speaker Ferdinand Martin G. Romualdez said Thursday.

“This growth means more than just numbers. It means jobs, livelihood, and greater economic activity in our communities,” said Speaker Romualdez. “The economy is moving—and it’s moving in the right direction, because the President’s policies are working not only for investors and big businesses but more importantly for ordinary Filipinos.”

Speaker Romualdez said the 5.4% GDP growth—matching that of China and surpassing Indonesia and Malaysia—translates to more opportunities for work, stronger support for small businesses, increased public investments in infrastructure and agriculture, and better government services funded by rising revenues.

“As more sectors grow, from manufacturing to construction, logistics, tourism, and digital services, we are seeing more hiring, more spending, and more money circulating in our barangays and local economies,” Speaker Romualdez said. “Ibig sabihin po nito, mas maraming trabaho, mas mataas ang kumpiyansa ng negosyo, at mas marami ang inaasahang benepisyo para sa bawat pamilyang Pilipino.”

Speaker Romualdez emphasized that the House of Representatives will continue to pass laws aligned with President Marcos’ 8-Point Socioeconomic Agenda, especially those that ensure food security, digital transformation, energy sustainability, and social protection.

“We are determined to make sure that this growth reaches every Filipino home—from the farmers in the provinces, to workers in the cities, to small entrepreneurs trying to recover from the pandemic,” Speaker Romualdez said.

The International Monetary Fund (IMF) earlier projected a full-year growth of 5.5% for the Philippines in 2025, closely following the 5.6% expansion achieved in 2024.

The country’s first-quarter growth performance proves that the Marcos administration is well on track to meet these forecasts.

“This is proof that under PBBM, our economy is not just growing—it is growing with direction and discipline,” Speaker Romualdez said. “The foundation is strong, the vision is clear, and the Filipino people will be the ultimate beneficiaries of our success.”

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