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Grow GDP by 6.5%

SECTOR: Economy SONA YEAR: 2022 Grow GDP by 6.5% PROMISE STATUS - DATE: In progress as of 07/17/2023 As of May 2023, the real GDP posted a growth of 6.4%, the “lowest growth registered” since the second quarter of 2021. On two separate occasions this year, VERA Files fact-checked Marcos’ statements that the Philippines is

By vfadmin

Jul 4, 2024

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SECTOR: Economy

SONA YEAR: 2022

Grow GDP by 6.5%

PROMISE STATUS - DATE: In progress as of 07/17/2023

  • As of May 2023, the real GDP posted a growth of 6.4%, the “lowest growth registered” since the second quarter of 2021.
  • On two separate occasions this year, VERA Files fact-checked Marcos’ statements that the Philippines is the “fastest growing economy” in the world and in the Asia Pacific. Data on the GDP growth rate as of 2022 shows that the Philippines stood at 7.6%, the ninth highest among “developing” Asian countries and third in Southeast Asia.

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