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The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
May 29, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
View all Reports
BusinessWorld 1 MIN READ

Marcos gives cautious economic outlook on El Nino, geopolitical risks

January 15, 2024By BusinessWorld
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Faster PHL growth likely if Marcos addresses gaps in agri, good governance February 6, 2023 Gov't debt service bill surges in 2024 March 17, 2025 PSE eyeing to finish PDS takeover this year April 23, 2024

Philippine President Ferdinand Marcos Jr on Friday painted a cautious outlook for his country’s economy given risks stemming from geopolitical tensions and El Nino weather phenomenon.

“While the future looks bright, dark clouds still gather on the horizon, unleashing headwinds that will temper, maybe even damage or trample on our optimistic outlook,” Mr. Marcos said in a press conference.

Mr. Marcos on Thursday announced the appointment of Ralph Recto as his new finance secretary, replacing Benjamin Diokno who is returning to the Bangko Sentral ng Pilipinas, this time as member of the monetary board. Mr. Diokno was former central bank governor.

“He has a true understanding of how the Philippine economy works,” Mr. Marcos said of Mr. Recto, who prior to his appointment was serving as congressman and deputy speaker of the lower house of Congress. — Reuters

This article originally appeared on bworldonline.com

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