(Interaksyon) DAVOS, Switzerland / MANILA — Philippines President Ferdinand Marcos Jr said his country would resist global recessionary headwinds, but warned that increasing tensions in the South China Sea were harming trade.
Marcos was bullish about the country’s economic prospects in a speech on Wednesday at the World Economic Forum’s (WEF) annual meeting, which has been dominated by talk of an impending global recession brought on by the cost of living and energy crises.
“My belief is that as long as the unemployment rate stays low, we will be able to resist the recessionary forces,” he said… Read More