August 10, 2021
[QUOTE] The 11.8% growth figures come at the worst possible time. The economic managers will use this to justify their narrow-minded opposition to a real fiscal stimulus. Yet putting more money in the hands of millions of poor and vulnerable Filipinos is extremely effective to fix the economic damage from the ill-conceived over-reliance on lockdowns to contain the pandemic.
August 10, 2021
The positive second quarter growth in gross domestic product is only a rebound from the record economic collapse in the same period last year. It is not a sign of recovery gaining traction.
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.
August 6, 2020
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.
August 18, 2018
Read more: Crisis of PH agriculture drives high inflation, economic slowdown
August 10, 2018
Research group IBON said that the recently released second quarter 2018 growth figures confirm the fundamental reason for rising food prices: underdeveloped agriculture from government neglect. While the Tax Reform for Acceleration and Inclusion (TRAIN) law is the most proximate driver of inflation within the Duterte administration’s control, the agricultural sector’s underdevelopment is the long-term […]
May 16, 2018
First quarter economic growth this year did not translate to better jobs for Filipinos, research group IBON said. This means that despite government claims that the groundwork for reforms has been laid, growth has remained essentially exclusionary, generating jobs that are insecure and low-paying, said the group. Socio-Economic Planning Secretary Ernesto Pernia recently announced the […]
November 24, 2017
Research group IBON said that the economy may have had fast growth in third quarter 2017, but this was exclusionary considering that there were significant job losses during the same period. The group said that as long as economic growth remains dependent on external and unsustainable factors, this would not translate into the stable, decent […]
August 22, 2017
Research group IBON said that the recently released 2017 second quarter national accounts underscore the serious headwinds facing the Philippine economy. The group said that the Duterte administration should focus on building sustainable domestic foundations of growth and development rather than depend on external factors such as remittances, cheap labor business process outsourcing (BPO), and […]