The National Economic and Development Authority described the first year in office of President Ferdinand Marcos Jr. as an important pivot to full recovery from the macroeconomic shocks and deep scarring caused by the COVID-19 pandemic.
“In 2022, President Marcos’ assumption into office provided the critical pivot toward the country’s full recovery from the COVID-19 pandemic. Moreover, his leadership is charting for the Philippines a path that is resilient and inclusive,” NEDA Secretary Arsenio Balisacan said in a statement.
Balisacan said President Marcos crafted the 8-Point Socioeconomic Agenda, a list of priorities that would guide the policies, programs and initiatives of his presidency. The agenda not only focuses on pressing, short-term issues such as inflation, a tighter fiscal space and socioeconomic scarring, but also on priorities for the medium term to reinvigorate higher-quality job creation and accelerate poverty reduction in the next six years, he said.