economic growth
Govt’s 7-9% growth in 2022 is just a fantasy – IBON
August 26, 2021
The Development Budget Coordination Committee has had a poor record of projecting economic growth in the last five years with their estimates always off the mark. Worse, their narrow-minded fiscal conservatism is the biggest factor preventing more rapid recovery.
2022 budget stalls recovery, worsens inequality
August 23, 2021
Government’s proposed 2022 national budget is the second budget in a row that fails to respond to the pandemic. The Duterte administration is not spending enough on economic stimulus, health, ayuda, and small businesses which are the most important things to recover quickly and stop worsening deprivation. The economic managers’ misguided fiscal conservatism is counterproductive and needs urgent correction.
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.
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.
On the first quarter 2021 GDP growth: Govt missteps stalling real PH recovery
May 12, 2021
The government claims to be balancing health and economic concerns. The first quarter economic contraction, however, confirms that we are instead getting the worst of both worlds – economic losses and human suffering.
