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President Ferdinand Marcos Jr. is one chief executive who does not sit back and rest on his laurels. The Philippine economy may have grown by 7.6 percent in 2022, the fastest in nearly four decades, but with the still high inflation rate across the nation, President Marcos knows too well that not everybody is enjoying the benefits of the economic recovery.

We are back.

The Philippine economy beat expectations by recording a spectacular growth of 7.2 percent in the last quarter of 2022. This in turn contributed to a 7.6 percent growth for the whole year. This was nothing short of astounding in the face of the debilitating impact of the pandemic, the continuing increase in the prices of goods, and the protracted conflict in Ukraine.

The Philippine economy can be likened to a money train—it keeps on expanding robustly and nothing for now can stop it from speeding ahead.


I am one of those least surprised about the economy’s performance in 2022. The solid gross domestic product growth of 7.6 percent in 2022 lends credence to reports that the Philippines emerged from the pandemic as one of the fastest-growing economies in Southeast Asia, if not the world, today.