Marcos touts Philippine macroeconomic fundamentals, human capital

President Bongbong Marcos has cited the country's macroeconomic fundamentals and enabling policies as the main reasons for investors to come to the Philippines to invest.

In his speech at the Asia Society in New York on Saturday morning (Philippine time), Marcos said the country’s economy as measured by gross domestic product (GDP) grew by 5.7% in 2021 and 7.8% as of the first half of 2022.

"Growth was broad-based, driven not only by government spending but also by household consumption and investments, reinforced by consumer and business confidence," the President said.

Marcos also highlighted the enabling policies and investor-friendly laws that seek to "leverage game-changing reforms."

Moreover, the chief executive touted the country's human capital, which labeled as "English-speaking workforce" that is globally competitive.

"Another strong point is our human capital. We boast of a young, educated, hardworking, and English-speaking workforce that is among the best in the world," Marcos said.

The Asia Society is a nonpartisan, nonprofit organization working to build bridges of understanding between the East and West.

Marcos is on the final day of his six-day trip to the United States, where he delivered a historic speech at the United Nations General Assembly.

Earlier, the country’s chief executive also met with heads of state, including US President Joe Biden and Japan Prime Minister Fumio Kishida, as well as American business leaders from a wide range of sectors in a bid to yield investment pledges and bolster job creation. —LBG, GMA News