IBON Foundation

Strong economy? Falling real wages

July 25, 2021

The Philippines’ credit rating by Standard & Poor went up a notch from BBB/ Stable to BBB+ Stable this May, the highest recorded in history. But what use are rising credit ratings if working people still receive paltry wages?

Strong economy? Worst job creation in 6 administrations of post-Marcos era

July 25, 2021

“Strong economic fundamentals” claims questionable given stats on weakest job generation post-Marcos era

Strong economy? Among worst unemployment in Asia pre-pandemic

July 25, 2021

The Philippines was dubbed as among “Asia’s 10 fastest growing economies” in 2017 and 5th in the “Most Competitive Economies” list by the World Economic Fund in 2018. But growth and competitiveness for what?

Strong economy? Growth slowing even pre-pandemic

July 25, 2021

The Duterte administration keeps on repeating that the Philippine economy was strong coming into the pandemic. Official statistics prove otherwise.