President Ferdinand Marcos Jr. expects the country’s economy to exceed levels before 2019 when the COVID-19 pandemic hit, as he invited members of the Joint Foreign Chambers on Tuesday to invest in key areas and reinforce domestic industries. READ:
invited members of the Joint Foreign Chambers on Tuesday to invest in key areas and reinforce domestic industries.President Ferdinand Marcos Jr. invites businessmen and members of the Joint Foreign Chambers to invest in the country during the 11th Arangkada Philippines Forum 2022 at the Marriott Hotel in Pasay City on Tuesday.Speaking during the 11th Arangkada Philippines Forum 2022 at the Marriott Hotel in Pasay City, Mr.
“And that’s why when I speak about the economy, I do not talk about recovery because I do not want to recover the Philippine economy to what it was in 2019. That is not going to work anymore,” Mr. Marcos added.“Whatever economy is going to be formed in the next few months, the next few years, it will be very different from what we were doing. So when they say, ‘We are trying to catch up.’ I reply, ‘Catch up to what?” To what we were before? That’s no good at all.
Notably, the government is exerting efforts to accelerate economic growth by further easing travel and mobility restrictions, implementing economic reforms, and improving economic cooperation with trade and investment partners, he said. At the same time, the President recognized the Joint Foreign Chambers of the Philippines for its critical role as an active government partner in promoting investment opportunities.
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