economic growth

Job-losing growth in first quarter 2024 is cause for alarm not optimism – IBON

May 10, 2024

The difficulty in creating enough decent and sustainable work which leaves millions of Filipinos to survive off of meager incomes certainly cannot in any way be a source of “optimism and pride,” as the National Economic and Development Authority (NEDA) put it when the growth figures were released

Economy returning to pre-pandemic slowing growth hits poor the worst – IBON

January 31, 2024

Most recent GDP figures puts the economy on the same trajectory of slowing growth that plagued it prior to the pandemic.

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 […]

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

Filipino workers productivity increasing but real wages falling — IBON

May 8, 2023

The gains from growing productivity are not going to workers as higher wages but to the profits of corporations and the wealth of the super-rich. Giving workers their fair share through decent wages will uplift their lives and also spur economic progress.

Filipinos didn’t feel growth because of ayuda cuts and stingy wage hikes – IBON

January 27, 2023

Millions of ordinary Filipinos did not benefit from supposedly rapid 2022 growth because the government tightened the purse strings on urgent cash assistance and only gave a negligible wage hike last year.

Rapid 2022 growth just a flash in the pan, poverty even increased — IBON

January 27, 2023

Relatively rapid growth in 2022 is only a rebound after the protracted pandemic lockdowns and there will be a steep slowdown this year.