News Release

From the Presidential Spokesperson – On the Q1 2018 growth

We welcome the good news that the Philippine economy by 6.8 percent in the first quarter of 2018– faster than the 6.5 percent growth recorded in the same quarter of 2017.

Manufacturing, other services, and trade were the main drivers of growth for the quarter, according to the Philippine Statistics Authority (PSA).

We are optimistic that our economic momentum would continue to be sustained with higher tax revenue collection and bigger public spending in infrastructure.