jobs crisis

Faltering Economy, Shell of a Democracy

January 21, 2019

Yearend Birdtalk 2018 Executive Summary Adverse economic and political trends since the start of the Duterte administration intensified last year. The risk of combustion in 2019 has become much higher. The administration has tried to project an image of economic progress and strongman-driven stability, peace and order. But if the year 2018 has shown anything […]

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 […]

2018 Yearender: Are You High? The Economy Isn’t

December 31, 2018

by Sonny Africa Executive Director, IBON Foundation The Duterte administration’s economic managers made some odd statements as the year wound up. Economic planning secretary Ernesto Pernia said “the Philippine economy became stronger and even more resilient than ever”. Finance secretary Carlos Dominguez III insisted on “the soundness of the Duterte administration’s economic development strategy”. Bangko […]

295,000 jobs lost since Duterte assumed office, IBON maintains

September 13, 2018

Research group IBON stood by its estimates that close to 300,000 jobs were lost since the start of the Duterte administration, that has been downplaying the fact. The group stressed this after Employers’ Confederation of the Philippines (ECOP) honorary chair Sergio Ortiz-Luis said that IBON’s description of jobs lost is “deceiving”. Ortiz-Luis reportedly said that […]

300k jobs lost under Duterte

September 12, 2018

Job creation in the rest of the economy was not enough to compensate for the huge job losses especially in agriculture. There were gross job losses of 2.2 million between July 2016 and July 2018 but only 1.9 million in gross job creation, hence the 295,000 drop in the number of employed. Read more: https://www.ibon.org/2018/09/jobs-crisis-getting-worse-under-duterte-govt-ibon/

Jobs crisis getting worse under Duterte gov’t – IBON

September 10, 2018

Research group IBON said that the jobs crisis in the country is getting more severe under the Duterte administration. The group said that the government should be more forthright and admit growing economic insecurity from inflation and joblessness rather than keep trying to downplay this. Millions of Filipinos are jobless, including those excluded from official […]

PH Economy Duterteriorating

August 29, 2018

IBON FEATURES – Stay the course, the country’s economic managers always insist. They will be the last to admit bad economic news because eternal sunshine is part of their job. Their recent spontaneous reactions against federalism are however more revealing. They are losing control of the economy as it is and they know the ill-conceived […]