Inflation top issue in Q3, but execs downplay survey

The rising prices of basic goods and inflation as well as the country’s economic performance are the top important issues for Filipinos that President Ferdinand Marcos Jr. must address, a third quarter survey by PUBLiCUS Asia Inc. showed.

Economic managers downplayed the outcome of the survey, which showed that economic headwinds hurt the ratings of the Marcos Jr. administration and the Cabinet, saying the economy is facing “a rosy outlook” going forward. The country’s businessmen are also not bothered by the 7-percent drop in the President’s approval and trust ratings, which they say are not reflective of Mr. Marcos’ efforts to govern and protect the country.

PUBLiCUS said there has been a notable decrease in the overall positive perception of the Philippines’ current state, its future direction, and its financial prospects, marking the “first significant decline” since the first quarter of 2022. Duterte also experienced a decline in approval, dropping from 67 percent in Q2 to 62 percent in Q3, with her trust rating decreased from 61 percent to 55 percent during the same time frame.

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