Speaker Ferdinand Martin G. Romualdez
ROMUALDEZ WELCOMES WEF FORECAST ON PH ECONOMY
SPEAKER Ferdinand Martin G. Romualdez yesterday expressed great enthusiasm regarding the recent World Economic Forum’s (WEF) forecast, which positions the Philippines to potentially become a $2-trillion economy in the next decade.
This anticipated economic growth places the nation on par with economies like Canada, Italy, and Brazil.
“The projections shared by WEF President Børge Brende reflect a significant milestone in our nation’s journey towards economic prosperity. This growth is not just a statistic; it represents a transformative shift in the lives of our citizens,” Speaker Romualdez said.
Highlighting the importance of continued investment in education, infrastructure, and workforce development, Speaker Romualdez stated: “Our path to this economic milestone is founded on strategic investments that enhance the well-being and opportunities for our people. It’s about creating an environment where every Filipino can thrive.”
With the nation’s economy on a trajectory towards the trillion-dollar mark, adjusted for purchasing power, Speaker Romualdez shared the optimism that with sustained growth of 7 to 8 percent annually, the Philippines could achieve this target within a decade.
