[In This Economy] Can the Philippine economy triple in size by 2033?

This is AI generated summarization, which may have errors. For context, always refer to the full article. And a lie told a million times, as we know, becomes fact – especially in this country.

Yet in Recto’s graph, the $1 trillion projection was lumped together with real GDP data . Combining nominal and real GDP data in one graph is a rookie mistake. Also, simple math tells you that $1 trillion is just 2.3 times as large as $435.68 billion. Not quite triple.Using a simple mathematical shortcut called “

Conversely, we can say that if we can grow consistently by 6% yearly , our economy will not triple until 19 years later, or by 2043. That’s 10 years more than Recto’s projection. That also falls within the term of the third president after Marcos Jr. Recto touted President Marcos Jr. as the country’s “primary marketer” whose “proactive diplomacy has yielded continued inflows of foreign direct investments.”

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