August 11, 2022
Contrary to the new economic team’s hype, research group IBON said that the quarter-on-quarter contraction of the economy in the second quarter of 2022 shows that recovery remains weak and requires more determined government action. IBON said that reopening the economy is not enough because too many Filipinos are still jobless, earn too little, and […]
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.
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.
May 12, 2021
The first quarter 2021 economic performance is the clearest proof that government hype of employment surpassing pre-pandemic levels are hollow. The quality of work is deteriorating and the number of unemployed is higher compared to a year ago.
May 12, 2021
The government claims to be balancing health and economic concerns. The first quarter economic contraction, however, confirms that we are instead getting the worst of both worlds – economic losses and human suffering.
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.
December 30, 2020
The worst economic collapse in Philippine history and in Southeast Asia is mainly due to the government’s stumbling pandemic response and lackluster economic measures in 2020. If, again, there is more bluster than action in 2021 then real recovery will be much farther away than it should be.
May 7, 2020
The Philippine economy was already weak coming into the COVID-19 crisis. Growth will remain slow if the government does not acknowledge pre-existing weaknesses that the pandemic merely intensified.