By Gabriela Baron
The Philippine economy will further grow this 2023 with the aggressive efforts of the Marcos administration, according to an economist.
During the Laging Handa public briefing on Monday, Jan. 16, Dr. Michael Batu, an economist, said the Philippines’ macro-economic fundamentals will remain strong as evidenced by the continued growth of the economy.
Batu said the country’s gross domestic product (GDP) and gross national product (GNP) will continue to grow with the inflation rate also dipping.
“At nakikita ko rin na ang inflation is may evidence po na ang inflation po eh pababa na. Pero hindi po ako nagsasabi na 100 percent ay bababa ito ngayong Enero, pero may mga indicators na baka ngayong Enero, bababa na ito,” he noted.
Batu said he also sees the reopening of other sectors to contribute to the continued growth of the Philippine economy this year.
“So makikita pa rin natin na makakatulong iyan, iyong pagrere-open na iyan noong mga pockets na iyan sa mga darating na buwan. So aasahan natin na iyong growth ay tataas pa rin,” he added.
The economist said he hopes Marcos’ foreign trips could result in actual investments, which will be helpful to the economy this year.
