PH economy grows in Q1 2025, posts 5.4% GDP growth

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Transcript

00:00So what else is new? The country posted a 5.4% GDP growth for the first time in the first three months of the year,

00:09showing a solid consistency held over the last 15 years.

00:13This despite headwinds of global market, worries over uncertainty of America's pivot to heightened tariff rates,

00:21and a looping recession, fluctuating oil prices, and stubborn and thorny domestic inflation,

00:27which the government has successfully reigned in thus far.

00:31Then again, the latest GDP growth posted pales against last year's mark of half a percentage point,

00:38more for the same period as we hear more from Christian Bascones.

00:46The Philippine economy grew in the first quarter of 2025.

00:50More businesses expanded, more jobs were created, and more Filipinos earned a decent income.

00:56The 5.4% growth in gross domestic product, or GDP, means a more active economy,

01:03more goods and services, and wider opportunities for all.

01:07The Philippines rung second among the fastest-growing economies in Asia,

01:11matching China and outpacing Indonesia and Malaysia.

01:14The economy strengthened due to a surge in tourism, rising consumer or domestic spending,

01:20and continued infrastructure projects under the Build Better More program.

01:24Domestic demand remained a key pillar of growth, expanding by 6.7%, up from 5.4% in the previous quarter,

01:35easing food inflation-supported household final consumption, which grew by 5.3%.

01:41For ordinary Filipinos, this growth translates to more jobs, better services, and more secure future.

01:47All these gains are the result of the strong and prudent leadership of President Ferdinand R. Marcus Jr.,

01:54who continues to guide the economy toward a faster and more inclusive type of development.

01:59The drop in prices of essential goods like rice, a result of government programs,

02:04is a big relief for every Filipino family.

02:07Noong dati po, ano, nagkakalit na 5,000 po yung ano namin, yung budget.

02:13Ngayon po nakalit kasi po bumaba, medyo bumaba na po yung mga bilihin, gagaya na lang po ng bigas.

02:18Opo, mas malaki talaga yung katitirang kaysa noon.

02:23Lalo siguro kung mayroon pa dyan, mababa sa 36, dati kasi binibili ko 40, 45.

02:30Yung pinakamababa noon, nakabili nga ko 60.

02:32Ngayon, malaki talaga yung titipid ko sa bigas lang.

02:35With the administration's continued focus on the economy and public service,

02:39more Filipinos can expect to benefit from the nation's progress.

02:44Ang gusto talaga namin is to really have, to really carve a niche, no?

02:50Dito sa AI landscape, no?

02:54But, of course, there's still a lot that we need to do.

02:58Pero we think that we're not really starting from scratch, no?

03:01Kasi marami na rin naman tayo in terms of the manpower.

03:05We just need to upskill pa rin yung sa AI natin.

03:09Christian Bascones from the National TV Network for a new and better Philippines.

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Transcript

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