President Ferdinand Marcos Jr. on Thursday said the country’s slower economic growth is due to natural hazards and global trade shifts, not corruption.
He cited cyclones, lost working days, and global disruptions as key factors behind the third-quarter downturn and the peso’s record low.
Marcos remained optimistic about a rebound in the last quarter, noting that government spending will continue as planned.
Third-quarter growth was also affected by a corruption scandal at the Department of Public Works and Highways, which stalled infrastructure projects and reduced productivity.
Economic Planning Secretary Arsenio Balisacan warned that the Philippines may still struggle to reach its 2025 growth target of 5.5%.
Source: PhilNews24 | November 14, 2025
PRESIDENT MARCOS DISMISSES CORRUPTION AS CAUSE OF GROWTH SLUMP
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