During the country strategy dialogue hosted by the World Economic Forum on Tuesday, Marcos said while the International Monetary Fund was expecting global economic growth to decline to just 2.7 percent this year from 3.2 percent last year and 6 percent in 2021, “the picture is slightly different” for the Philippines.
“Our strong macroeconomic fundamentals, fiscal discipline, structural reforms, and liberalization of key sectors instituted over the years have enabled us to withstand the negative shocks caused by the pandemic and succeeding economic downturns and map a route towards a strong recovery.
He vowed to pursue modernization and innovation programs, the development of new farming and fishing technologies, as well as the adoption of climate and disaster-resilient technologies, for the enhancement of the agricultural value chain system.
Source: Financial Digest (financialdigest.net)
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