gross domestic product

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.

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.