November 5, 2021
The Duterte administration should not be dismissive of the significant drop in employment and rise in unemployment in September 2021. These are signs that the economy is still floundering despite quarantine restrictions easing and vaccinations increasing.
October 12, 2021
Environmental scientists, economists, academics and social movements have been talking about “degrowth” as an approach in dealing with the climate crisis. The concept makes perfect sense, but it has provoked doubts and objections, even among well-meaning environmentalists.
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.
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.
August 10, 2021
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.
July 25, 2021
The Duterte administration keeps on repeating that the Philippine economy was strong coming into the pandemic. Official statistics prove otherwise.
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.