gross domestic product
8.3% in Q1-2022 the end of high GDP growth rates
May 12, 2022
While economic growth in the first quarter of 2022 is welcome, this is mainly driven by base effects and election-related spending. Growth is also weak and unsustainable considering the unfavorable jobs market. Things could be even worse depending on how the volatile global economy plays out. This will likely be the last relatively high growth reported, and the next administration will have to make do with weaker growth performance.
Philippine economy suffered under Marcos
February 26, 2022
The decade 1975-1986 was actually a time of intense social crisis and economic difficulty for most Filipinos.
PH upper middle income by end 2022?: Just a number – IBON
February 12, 2022
The “upper-middle income” country status that the Duterte government is hoping to achieve this year is just a number. Even if reached, this is an empty achievement amid the weakest economy and worst joblessness in decades and will just reflect the prosperity of an elite few.
Jobless, sluggish growth persists contrary to gov’t hype — IBON
November 10, 2021
Economic managers shouldn’t celebrate too soon over seemingly positive third quarter growth as more and more Filipinos lose jobs and increasingly make do with informal work. Economic growth is also still slowing with many sectors years from recovery.
Who is afraid of degrowth?
A Global South economic perspective
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.
Under Marcos, PH economy worst performing in Asia
September 18, 2021
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.
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.
