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Palace upbeat on GDP recovery
The Freeman
|November 12, 2025
Following a record low, the Palace remained optimistic that the country's gross domestic product (GDP) will improve in the last quarter of 2025.
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The country's GDP slowed to 4.0% in the third quarter — the lowest since the COVID-19 pandemic. The Department of Economy, Planning, and Development (DEPDev) had affirmed that the economic drag was due to the ongoing flood control corruption scandals.
Citing the Department of Budget and Management, Palace Press Officer Claire Castro said that the holiday season will spur on spending, as well as a growth in exports.
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