philippine economic growth

PH upper middle income by end 2022?: Just a number – IBON

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.

Govt’s 7-9% growth in 2022 is just a fantasy – IBON

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.

Negative econ growth underscores jobs crisis – IBON

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.

On the first quarter 2021 GDP growth: Govt missteps stalling real PH recovery

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.

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.

2020 Yearender: Economic lessons from Jose Rizal

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.

PH economy was already slowing – COVID-19 just made it worse

May 7, 2020

NEWS

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.