Wednesday, December 7
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Tag: SONA 2022 fact-checking

MOSTLY ACCURATE: First quarter growth driven by consumption, investments, manufacturing and other key sectors

MOSTLY ACCURATE: First quarter growth driven by consumption, investments, manufacturing and other key sectors

News
CLAIM: “In the first quarter alone, GDP (gross domestic product) saw an increase in the household consumption and private investments, along with robust manufacturing industry, high vaccination rate, improved health capacity, and upward trend in tourism and employment.” RATING: Mostly accurate DETAILS: In his first State of the Nation Address, President Ferdinand Marcos Jr. claimed that the first quarter GDP growth was brought about by an increase in household consumption, investments from the private sector, robust manufacturing industry, high vaccination rate, improved health capacity, and an upward trend in tourism and employment. This claim is mostly accurate. The Philippine Statistics Authority (PSA) has reported that the expansion in the first quarter GDP was caused b...
Needs More Context: Marcos Jr. claims PH growth momentum remains ‘firm’

Needs More Context: Marcos Jr. claims PH growth momentum remains ‘firm’

News
  CLAIM: “The recent past and the COVID-19 pandemic has beset the macroeconomic environment with challenges and a series of external shocks. Inflation has accelerated in recent months due largely to significant increases in international prices of oil and other key commodities. Still, the economic growth momentum remains firm as demonstrated by the strong 2022 first quarter GDP growth at 8.3 percent.” RATING: Needs more context DETAILS: President Ferdinand “Bongbong” Marcos, Jr. claimed in his first State of the Nation Address that the Philippines’ growth momentum “remains firm,” with the gross domestic product (GDP) growing by 8.3-percent in the first quarter of 2022 despite the impact of the pandemic and the rising inflation. This claim needs more context. Data fr...