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IBON Foundation

Duterte’s poor COVID response: Biggest unemployment increase in Southeast Asia

August 11, 2021

The pandemic hit everyone, but the Philippines could have responded at least as well as other countries in the region.

IBON Executive Director on Q2 2021 economic growth and urgent need for ayuda

August 10, 2021

[QUOTE] The 11.8% growth figures come at the worst possible time. The economic managers will use this to justify their narrow-minded opposition to a real fiscal stimulus. Yet putting more money in the hands of millions of poor and vulnerable Filipinos is extremely effective to fix the economic damage from the ill-conceived over-reliance on lockdowns to contain the pandemic.

Q2 rebound isn’t recovery, will fade without real stimulus – IBON

August 10, 2021

NEWS

The positive second quarter growth in gross domestic product is only a rebound from the record economic collapse in the same period last year. It is not a sign of recovery gaining traction.