IBON Foundation

Duterte gov’t to blame for worst economic collapse in PH history

August 6, 2020

STATEMENT

The Duterte administration is to blame for the worst economic collapse in the country’s recorded history. Growth rate falling to -16.5% in the second quarter from 5.4% in the same period last year is an unprecedented 21.9 percentage point drop.

PH ‘stimulus’ smallest in region

July 29, 2020

NEWS

Philippine spending in response to the COVID-19 pandemic is among the smallest in the region. The narrow-minded obsession with ‘creditworthiness’ stops the government from taking the urgent steps needed to restore livelihoods and save the economy.