• Philippine economic growth will likely hold steady at around 7% this year, President Ferdinand Marcos Jr. said, crediting strong fundamentals that were helping the nation weather shocks and a dimmer global outlook.
  • “There is so much space, room to grow, in the sense that we are starting very many new things now,” Marcos said in an interview with Bloomberg Television’s Haslinda Amin on the sidelines of the World Economic Forum in Davos, Switzerland.
  • The economy has been “rather stable” and unemployment is continuing to decline, he said. Marcos said the domestic economy “will be able to manage at least 7% growth for last year” and expand by a similar pace in 2023.