Joselito Malig

Article (news)

Katrina Domingo

ABS-CBN News

MANILA — President Ferdinand Marcos Jr. attributes the Philippines’ worst economic slump in decades to the effects of climate change and the ongoing corruption investigations in the country, Malacañang said on Thursday hours after the country’s socioeconomic officials announced the country’s growth number in 2025.The Philippines lodged its slowest non-pandemic pace in 14 years in 2025 with growth pegged at 4.4 percent, well below a June projection of 5.5-6.5 percent.“Naipaliwanag na sa Pangulo ni Sec. Balisacan ang epekto ng climate change related disruptions at nang pag-iimbestiga sa flood control mess sa ating ekonomiya,” Communications Undersecretary Claire Castro said in a statement.“Tanggap ng Pangulo ang naging resulta nang pangunahan niya na ‘mapanagot ang mga sangkot sa korapsyon,’” she said.“Alam niyang tatamaan ang kaniyang administrasyon at ang ekonomiya pero hindi siya nagdalawang isip na iutos ang patuloy na pag iimbestiga rito dahil kung di niya sisimulan, kailan pa?” she said.The administration is working to boost investments in technology to boost productivity especially in the agriculture and infrastructure sectors, the Palace official said.“Sa ngayon ay ginagawa ng administrasyon ang mga hakbang upang ma boost ang investments… mapasabatas ang mga prirority bills, mas lalong mapaigting ang good governance,” she said.“Maipapakita rin natin na ang bansang lumalaban sa korapsyon ay mas pinagtitiwalaan hindi lang ng mga investor kundi pati ng mga leaders  at mamamayan ng ibang bansa,” she added.Marcos Jr. launched a crackdown on corrupt practices in the Department of Public Works and Highways in mid-2025 after billions-worth of flood control projects were found to be either substandard or missing.The government has since decided to either cancel or postpone numerous public infrastructure projects across the country as authorities try to weed out irregularities in its internal procedures to create more safeguards against corruption.The Philippines also posted worse unemployment numbers in the first 11 months of 2025 at 4.2 percent, higher than the 3.9 percent joblessness rate in the same period in 2024.

President Ferdinand Marcos Jr. attributes the Philippines’ worst economic slump in decades to the effects of climate change and the ongoing corruption investigations in the country, Malacañang said on Thursday.

President Ferdinand Marcos Jr. attributes the Philippines’ worst economic slump in decades to the effects of climate change and the ongoing corruption investigations in the country, Malacañang said on Thursday.

Marcos Jr. attributes PH’s growth slump to climate change, corruption probe

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Marcos Jr. attributes PH’s growth slump to climate change, corruption probe

Katrina Domingo,

ABS-CBN News

Published January 29, 2026 06:07 PM PHT

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Ferdinand Marcos Jr.

GDP

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gross domestic product

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