President Ferdinand R. Marcos Jr. announced that the Philippine economy is projected to grow by 6% in the coming quarters, reinforcing its position as one of the top-performing economies in the ASEAN region.
Speaking at the Vin d’Honneur reception in Malacañang in celebration of the country’s 127th Independence Day, President Marcos highlighted the Philippines’ 5.4% GDP growth in the first quarter of 2025, despite ongoing global economic uncertainties.
“We are confident that we will achieve our six percent GDP growth target in the coming quarters, driven by steady fiscal consolidation, easing inflation, and continued progress in trade negotiations with key international partners,” President Marcos said before an audience of diplomatic corps members, Cabinet officials, and business leaders.
The President cited the International Monetary Fund’s (IMF) April 2025 World Economic Outlook, which projects the Philippines to be the fastest-growing economy among the ASEAN-5 this year — a forecast that underscores the country’s resilient economic momentum.
President Marcos attributed the positive outlook to the government’s robust reform agenda and strengthened international partnerships, which have improved the country’s investment climate. Key economic legislation, such as the Capital Markets Efficiency Promotion Act (CMEPA) and the CREATE MORE Act, has been enacted to streamline regulations, provide tax incentives, and offer more flexible investment terms.
“These reforms are designed to make the Philippines more attractive to both local and foreign investors,” President Marcos emphasized, adding that a new executive directive to enhance coordination among investment facilitation agencies will help eliminate bureaucratic inefficiencies and improve the ease of doing business.
Another key milestone, the President noted, was the Philippines’ recent removal from the Financial Action Task Force (FATF) “grey list,” which he said reflects the international financial community’s renewed confidence in the country’s governance and compliance standards.
On inflation, President Marcos proudly announced that the national inflation rate dropped to 1.3% in May 2025 — the lowest level since November 2019.
“This is a very encouraging development. A low and stable inflation rate creates a predictable economic environment for businesses and boosts the purchasing power of consumers, particularly low-income families,” he added.
President Marcos concluded by reaffirming the administration’s commitment to deepening cooperation with diplomatic allies and multilateral institutions to sustain the country’s post-pandemic economic recovery and long-term development.
