philippine economic growth
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.
Growth Slows Under Duterte, Slowest in 8 Years
February 3, 2020
A million jobs lost in agri despite Q3 growth – IBON
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 […]
2nd quarter growth rates point to economic headwinds
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 […]
