Three straight quarters slowdown confirms economic decline

August 11, 2023

Growth slowing for three straight quarters confirms economic decline under the Marcos Jr administration. The economic rebound and momentarily fast growth from reopening, which was measured from the worst economic contraction in the country’s history, is over. The economy has returned to its trajectory of slowing growth that started even before the excessive pandemic lock […]

Latest growth figures confirm economy in decline under Marcos Jr

August 10, 2023

The economic managers have lost their last indicator for claiming good economic performance and the economy is clearly losing momentum.

Most jobs being created in the lowest paying sectors – IBON

August 9, 2023

The economy is still struggling to create decent work, pay and earnings

Inflation slowed but higher prices burden consumers further

August 7, 2023

The cost of basic goods such as rice, vegetables, fish and oil continues to rise and burden millions of poor consumers

Minimum wages today worth less than 34 years ago, even Php164 wage hike not enough–IBON

May 26, 2023

After 34 years the real value of the minimum wage has fallen 28% on average across all regions nationwide. This strengthens the argument for reverting to a nationally mandated wage hike.

The G7 summit: Will Hiroshima deliver the economic interests behind militarism?

May 19, 2023

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What the G7 wants and the manner it exacts these are untenable and are only bound to hurt the majority of the world’s populations.

Economic slowdown stresses urgency of boosting household purchasing power with wage hikes, ayuda– IBON

May 14, 2023

The continuing deceleration in household spending from low incomes and high prices is among the biggest factors in the slowdown, and is among issues that the administration can immediately address

Big stimulus bill prioritizing aid more urgent than easing foreign restrictions–IBON

April 18, 2021

Every additional COVID-19 response measure over the meager amounts allotted by the administration will help the country get out of this crisis faster, whereas bills expanding foreign businesses’ profit-making will not be of any help at all.

Second year of slowing growth a wake-up call – IBON

January 24, 2019

Research group IBON said that the second year of slowing growth under the Duterte administration should be enough to jolt it out of its complacency and denial. The downturn in the last two years and the poor prospects in the year to come should be a wake-up call to start to undertake the difficult but […]