Expansionary fiscal stance more urgent than ever

January 28, 2021

The economy is not just hindered by quarantine restrictions. It is also stifled by the unprecedented loss of informal sector livelihoods and enterprise closures which has contracted household incomes, wiped out savings, and collapsed aggregate demand. These have to be directly addressed.

Govt stinginess worsens Filipinos’ suffering and PH economic collapse

November 10, 2020

Statement | Months into the worst economic collapse in the country’s history, the Duterte administration’s obsession with creditworthiness and the myth of a fundamentally strong Philippine economy is preventing it from taking the measures needed for real and rapid recovery.

IMF sees Vietnam overtaking PH: It’s not because of COVID

October 15, 2020

COMMENTARY

Our economic managers would do well to stop being blinded by their neoliberal dogma and start taking a more strategic view of national development. Without radical changes in our economic policies the Philippines will just keep getting left further behind.

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 Weak Even Before COVID-19

July 26, 2020

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.

Growth Slows Under Duterte, Slowest in 8 Years

February 3, 2020

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 […]