Revilla says consistent GDP growth may address Phl inflation

Senator Ramon "Bong" Revilla Jr. on Thursday said the continuous uptrend in the country's gross domestic product or GDP growth can help the government address the inflation in the Philippines.

"At 5.9 percent, the economy grew by 1.6 percent from Q2 (second quarter) exceeding market expectations," Revilla said as lauded President Ferdinand Marcos Jr. and the economic team after the country recorded an increase in GDP in the third quarter.

Revilla cited the Philippines' bested neighbors in the region, with Vietnam at 5.3 percent; Indonesia and China at 4.9 percent; and Malaysia at 3.3 percent.

"Binabati natin ang pangulo at ang kanyang buong economic team for steering the country in the right direction," he said.

"While we have to hit 7.2 percent growth in Q4 to attain our target for this year, I am optimistic that we will be doing even better by year-end," he continued.

Revilla said the country is in the right direction in terms of pushing for a better economy.

"What we need now is to continue with what we are doing para mas mabilis na maramdaman ng ating mga kababayan ang pag-usad ng ating ekonomiya," the senator.

He added. "Magandang senyales ito para matugunan ang inflation at pagtaas ng mga presyo."