Inquirer
Marcos daydreaming about economic recovery by year-end – Duterte
Vice President Sara Duterte expressed skepticism regarding the administration's projection of an economic recovery by the fourth quarter of 2025, calling the optimism unrealistic.
She stated that whoever predicts an economic rebound by the end of the year is "daydreaming" and must be "out of their mind."
Duterte attributed the weakening peso and low investor confidence as key factors contributing to the economic challenges.
The Philippine peso recently dropped to a new record low of P59.17 against the US dollar.
She highlighted a general loss of confidence in the country and the absence of incoming investments as significant problems.
This statement contrasts with President Ferdinand "Bongbong" Marcos Jr.'s earlier expression of confidence in an economic rebound, citing accelerated public spending and strategic interventions.
The Philippines recorded its slowest economic growth since 2021 at only 4 percent during the third quarter of 2025, much lower than the administration's target of 5.5 percent to 6.5 percent.
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