President Ferdinand Marcos Jr's performance scorecard: mixed...
The Marcos administration's first four years have been marked by a mixed but consequential economic record. Its strongest achievement has been the restoration of macroeconomic stability after the COVID-19 crisis. Inflation has eased from its post-pandemic highs, economic growth has remained among the strongest in the region, the banking system has stayed resilient, and fiscal consolidation has proceeded without derailing the recovery. These gains have reinforced the country's short-term economic stability and helped preserve investor confidence despite a difficult global environment. But data also indicates these indicators are showing some loss in momentum.
Indeed, macroeconomic stability has not translated into broad-based structural transformation or meaningful improvements in governance. Weak foreign direct investment, slow productivity growth, persistent infrastructure and agricultural bottlenecks, high food prices, concerns over corruption and institutional quality, and limited progress in education, healthcare, and poverty reduction continue to constrain long-term growth. The administration has largely succeeded in stabilizing the economy, but it has yet to demonstrate the deeper reforms needed to make growth more inclusive, competitive, and sustainable.
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