Manila, July 31 -- The Marcos administration made progress in strengthening the country's macroeconomic fundamentals but the government remains committed to sustaining economic growth, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan said.

In a briefing in Mandaluyong City on Thursday, Balisacan said that from 2023 to the first quarter of 2025, the Philippines remained among Asia's fastest-growing economies.

Balisacan said unemployment also fell below pre-pandemic levels, while underemployment declined in 2023 and 2024.

Poverty incidence went down to 15.5 percent in 2023, lifting an estimated 2.4 million Filipinos above the poverty line.

Balisacan said inflation likewise significantly eased from a ...