00:00President Ferdinand R. Marcos Jr. stressed that growth means nothing if Filipinos remain in
00:05poverty. Despite a 5.5% GDP rise in Q2 of 2025, he vowed to boost programs in jobs,
00:14health care, and education to make progress more felt on the ground. Harley Valbuena reports.
00:22To ensure that ordinary Filipinos feel the impact of the growing economy,
00:28this is the promise of the government after President Ferdinand R. Marcos Jr. stressed out
00:33in his fourth State of the Nation address that a vibrant economy is worthless if many Filipinos
00:40remain poor. The Philippine Statistics Authority or PSA reported today a 5.5% growth in the country's
00:49gross domestic product for the second quarter of 2025. This is higher than the 5.4% GDP growth
00:57during the first quarter of 2025 but lower than the 6.3% recorded in the second quarter of 2024.
01:07According to PSA, the 5.5% GDP growth is equivalent to 6.965 trillion pesos GDP price or the overall
01:17price value of produced domestic goods and services from April to June this year.
01:23PSA says all major economic sectors recorded growth.
01:27Ang mga pangunayang sektor ng ekonomiya na agriculture, forestry, and fishing, industry,
01:33at services ay nagsipagtala ng mga pagtaas na 7%, 2.1% at 6.9% respectively.
01:44Household consumption also grew by 5.5%, 8.7% in government consumption, 4.4% in exports,
01:55and 2.9% in imports. The economy continues moving forward despite global uncertainties such as the
02:03tariff of the USA and also the temporary halt in some government projects amid the election spending
02:11ban during midterm elections. Department of Economy, Planning and Development or DepDev,
02:17meanwhile, said that the Philippines remains one of the fastest growing economies in Asia,
02:23surpassing China and Indonesia. An economist is also confident that the target 5.5% to 6% GDP growth
02:32for 2025 will still be achieved. But some Filipinos desire to feel the effects of the vibrant economy
02:40through programs with direct impact on their lives.
02:44Sa trabaho po, magandang trabaho, opportunity po. Sa hospital lang po, sa kayong highway, kalsada,
02:53laging traffic eh.
02:54Tulong sa mga katulad kong PWD, lalo na sa amin, wala kaming mahanap buhay.
03:03Hence, DepDev assured that in the last three years of the Marcos administration, programs in education,
03:12health, food security, and digital and physical connectivity will be improved.
03:17We're going to focus a lot of efforts, including in the budget, for education, health, social protection,
03:25connectivity, both digital and physical, and food security.
03:33So those are the things that our President mentioned,
03:36that's the services that must be felt, must be experienced by ordinary Filipinos.
03:43Harley Valbena from the National TV Network for a new and better Philippines.
