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Marcos elated with PH economy growing faster in Q1 2025 — Palace
President Ferdinand R. Marcos Jr. is elated with the Philippines' economy expanding faster in the first quarter of 2025, according to Malacañang.
Presidential Communications Office Undersecretary Claire Castro highlighted that the visible efforts of officials are contributing to the nation's economic upliftment.
The Philippine Statistics Authority reported that the economy grew by 5.4 percent from January to March 2025, a faster rate than the upwardly revised 5.3 percent recorded in the last quarter of 2024.
This also marks the fastest GDP growth rate since the third quarter of 2024, though it is slower than the 5.9% growth recorded in the first quarter of 2024.
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Philippine economy grew by 5.4% in the first quarter of 2025, falling below the government's target range of 6% to 8% for the year but remaining one of Asia's fastest-growing economies.
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House Speaker Ferdinand Martin Romualdez and Albay Rep. Joey Salceda assert that the Philippine economy is performing well under President Ferdinand Marcos Jr.'s administration, citing a 5.4 percent GDP growth in the first quarter of 2025.
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Deutsche Bank Research forecasts Philippine economic growth at 5.4% for the first quarter of 2025, a slight increase from the previous quarter.
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The Philippines' economy has the potential to reach $2 trillion by 2050, a fivefold increase from its current size, according to the Department of Economic Planning and Development (DepDev).
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