A lawmaker has said the administration’s programs have effectively averted further crisis by boosting employment, spurring economic growth, and taming inflation.
Aklan Rep. Teodorico Haresco Jr. also said under President Marcos, not only did the employment rate soared to 95.8 percent, the highest in 18 years, but the Philippine economy also posted a 5.9 percent GDP growth in the 3rd quarter, the strongest among major Asian economies.
Haresco, member of the House Economic Affairs Committee, said that inflation had also cooled down from 4.9 percent in October to 4.1 percent in November, while unemployment declined from 4.5 percent last year to 4.2 percent this year.
A Social Weather Stations (SWS) poll also showed overall hunger fell from 10.8 percent in June to 7.7 in September,the lawmaker added.
“These are the unmistakable fruits of government policies to boost employment, spur economic growth and tame inflation,” added Haresco, who is also a member of the House Labor and Employment Committee.