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The disappointing 2.3% economic growth for the second quarter of this year cannot be isolated from the flood control scandal.
In fact, the 2.3% GDP growth for the second quarter of this year marks the fourth straight quarter GDP growth declined from the time the flood control project scandal made headlines.
To recall, the flood control scandal made headlines after the third State of the Nation Address (SONA) of President Ferdinand Marcos Jr. in June 2025.
This is what Economic Planning Secretary Arsenio Balisacan said on Nov. 7, 2025 upon announcing the 3.9% GDP growth in the third quarter of last year.
“The productive capacity that we had wanted to happen was muted by all this corruption.”