Marcos blames global slowdown for weak peso, GDP; vows public spending boost to spur recovery

Manila Bulletin

President Marcos attributed the country’s slower third-quarter economic growth to climate disruptions and global headwinds, assuring that a surge in public spending would help restore momentum before the year ends.   READ: https://mb.com.ph/2025/11/13/marcos-blames-global-slowdown-for-weak-peso-gdp-vows-public-spending-boost-to-spur-recovery   Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin   Visit our website at http://mb.com.ph  Facebook: https://www.facebook.com/manilabulletin  Twitter: https://www.twitter.com/manilabulletin  Instagram: https://instagram.com/manilabulletin  Tiktok: https://www.tiktok.com/@manilabulletin   #ManilaBulletinOnline  #ManilaBulletin  #LatestNews

Transcript

00:00The reason that we had that is that there really was a downturn in economic activity.

00:07You have to remember that it's not only because of these problems.

00:12Yung bagyo, yung nawala na working days sa ekonomiya natin because of climate change.

00:24And you have to also remember the situation, the global situation.

00:29We are not the only ones suffering the shocks that come from the new trade structure that has been imposed on the rest of the world.

00:39And so we are all adjusting to that.

00:41Kaya yung mga growth rate na lahat ng grupo all around the world is falling.

00:50But we are, marami tayong measures na iginawa because the public spending now will be increased and to make sure that by the end of the year,

01:02that the levels of public spending are according to our original plan.

01:08So, mababawi natin yung nawala sa third quarter.

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