GDP ng bansa, lumago pa sa 6.3% sa 2nd quarter ng 2024, kumpara sa 4.3% noong Q2 2023

Transcript

00:00The gross domestic product of the country is continuously increasing in the past months compared to the past year.

00:09In fact, the Philippines is one of the leaders in GDP growth in Southeast Asia.

00:15President Ferdinand R. Marcos Jr. promised the country's economy to recover.

00:23And all Filipinos can feel the economic recovery.

00:27That's what Sujin Kiel predicted.

00:31GDP or Gross Domestic Product of the country grew by 6.3% in the second quarter of the year

00:37from 4.3% in the same quarter of 2023.

00:41The fastest growth in the construction, transportation and storage industries and other services.

00:48The gross national income increased by 7.9%.

00:53Today, we are pleased to announce that the Philippine economy has sustained its robust growth trajectory

01:00demonstrating resilience amid various domestic and external challenges.

01:05Our gross domestic product growth has accelerated keeping us on track

01:10to achieve our target growth rate of 6-7% for 2024.

01:16The Philippines is one of the leading countries in the country

01:19with 5.8% in Malaysia, 5% in Indonesia and 4.7% in China.

01:33Budget and Management Secretary Amena Pangandaman

01:36praised the success of the administration in improving the economy.

01:40Following the increase in the employment rate in the country,

01:43Labor Party List Attorney Filimon Javier said

01:46the policies of President Marcos Jr. are right.

01:49Meanwhile, there was a year-on-year economic decline of 2.3% in the agriculture sector

01:55due to changes in the times.

02:01The increase in GDP growth is also due to the 11.5% increase in total investments,

02:08mostly in construction.

02:10Public construction sustained double-digit growth, 20.8% from 12.1%.

02:17Private construction likewise accelerated, particularly commercial construction.

02:22Secretary Balisacan praised the efforts of the government to address the problem of poverty

02:28has yielded results,

02:30also due to the reduction of almost 2.5 million Filipinos as the poor.

02:37This accomplishment surpasses the Philippine development,

02:40highlighting the effectiveness of our policy measures

02:43and the resilience of our economic strategies.

02:51To protect our people from such economic shocks

02:54and sustain the momentum for poverty reduction.

02:58It is expected that inflation will stabilize in the coming months.

03:02We expect it to revert to its longer term downtrend

03:06as we aim for our target range of 2% to 4%.

03:10House Speaker Martin Romualdez emphasized

03:13that the government is committed to ensuring that the economy will be managed by all Filipinos.

03:20Sujin Kim for Pambansang TV in Bagong, Philippines.