Tag: growth

Decade of 7% PH Growth: It’s Just A Fantasy

October 18, 2018

By Sonny Africa In a speech before leaders of the Association of Southeast Asian Nations (ASEAN) in Bali, Indonesia, Pres. Rodrigo Duterte said that the country is on an “upward trajectory of growth”. He was echoing the country’s economic managers who were recently touting a recovery of Philippine economic growth to the 7-8% target next […]

Severe Income Inequality in the Philippines

May 20, 2018

Despite being relatively high compared to other Asian countries, Philippine economic growth is lopsided in the interest of a few at the expense of the majority of poor Filipinos. High levels of wealth are concentrated in the hands of a few, while family incomes have stagnated in real terms, especially amid rising prices.

Under Duterte: Biggest contraction in employment in 20 years –IBON

January 20, 2018

  PH growth job-destroying in 2017 Going on its second year, the Duterte administration saw the largest contraction in employment in 20 years, research group IBON said in its year-end analysis of economic and political trends. This shows that generally rising Philippine economic growth remained unfelt by Filipinos amid a worsening jobs crisis, said the […]

Meaningfully distribute income, wealth and assets

January 13, 2017

Growth is not felt by the poor majority. The wealth of the 10 richest Filipinos grew 220% within 2010-2015 while the real value of the average daily basic pay of wage and salary workers rose by just 5.3%. From 2015-2016, the net worth of the 40 richest Filipinos grew by almost 14% while the real […]

2nd quarter growth weakest in five election years: Bold new economic policies needed

August 18, 2016

  Research group IBON said that the 7.0% growth in the second quarter of 2016 and 6.9% growth in the first semester are the weakest in the past five election years and challenge the Duterte administration. Bold changes in economic policies are needed to achieve sustained higher growth, said the group. According to IBON, the […]

Amid growth: PH unemployment still worst in Asia–IBON

May 23, 2016

Research group IBON warned against overestimating the reported high election-boosted economic growth as a sign of economic success. Economic growth is important but should not be used to divert public attention from fundamental problems of chronic joblessness and poverty, the group said. The Philippine economy’s reported 6.9% growth in gross domestic product (GDP) in the […]