Marcos: Attracting investments necessary to increase economic activities

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Marcos: Attracting investments necessary to increase economic activities
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President Ferdinand “Bongbong” Marcos Jr. on Friday underscored the importance of attracting investments for the country’s economic growth.  

President Ferdinand “Bongbong” Marcos Jr. on Friday underscored the importance of attracting investments for the country’s economic growth.

“That is why it has become so important for us to go out and to attract investment into the Philippines because that is the only way for economic activity to increase and therefore to grow the economy,” Marcos said in a video message. Still, Marcos noted that for this year, the country is still facing the problem of inflation, "which means there is still a problem of certain sectors of society and economy."“We anticipate that within the end of the second quarter, the inflation rate, especially for agricultural products, will come down,” Marcos said.

The Philippine Statistics Authority said the 7.6% full-year growth in 2022 was the highest in 46 years since the country recorded an 8.8% growth in 1976.

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