gross domestic product

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 economy was already slowing – COVID-19 just made it worse

May 7, 2020

NEWS

The Philippine economy was already weak coming into the COVID-19 crisis. Growth will remain slow if the government does not acknowledge pre-existing weaknesses that the pandemic merely intensified.

PH economy headed towards 3rd year of slow growth — IBON

November 8, 2019

Research group IBON said that the Philippine economy is on its way to a third straight year of slowing economic growth under the Duterte administration. The group said that while the economy registered higher growth in the third quarter of 2019, the factors behind this are too weak and unsustainable. The government recently reported 6.2% […]

Workers left behind in growing economy under Duterte administration

April 29, 2019

Wages of workers in the National Capital Region (NCR) continue to fall even as their growing labor productivity drives economic growth under the Duterte government. The mandated minimum wage is not even keeping up with the rising cost of living for ordinary Filipinos. Research group IBON said that keeping wages low distributes wealth unevenly and […]

Under Duterte, econ slowing and job creation the lowest since after Marcos–IBON

January 16, 2019

Research group IBON said that the economy is slowing under the Duterte administration and that its first two full years registered the lowest level of job creation among post-Marcos administrations. The group said that these obvious signs of the country’s troubled economy should be enough to make the government reconsider its overly market-driven policies. Budget […]

Poor-quality work increased amid economic growth–IBON

May 16, 2018

First quarter economic growth this year did not translate to better jobs for Filipinos, research group IBON said. This means that despite government claims that the groundwork for reforms has been laid, growth has remained essentially exclusionary, generating jobs that are insecure and low-paying, said the group. Socio-Economic Planning Secretary Ernesto Pernia recently announced the […]