State of the Nation Address 2022

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,…

  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…