Philippine economy

Marcos should admit 3-year high inflation to propose real solutions — IBON

July 6, 2022

Inflation is at its highest in three years, but instead of offering a real solution to soaring prices, the newly-installed Marcos administration is downplaying the severity of this and saying it is beyond government control.

New admin needs new policies to fix old problems — IBON

June 30, 2022

As the next president is inaugurated and the new administration is ushered in, new policies are desperately needed to fix old economic problems that worsened under the Duterte administration.

Is it time to move on?
The resiliency myth

June 29, 2022

The Philippines recently ranked as one of the five worst places to be as the ripples of COVID-19 continue. This is contrary to the outgoing Duterte administration’s repeatedly built narrative – that it did well on the pandemic and is leaving behind an economy that is on a quick rebound.

No Mavericks Among Economic Top Guns

June 15, 2022

The next administration’s economic agenda will be fully presented at the state of the nation address in July. There are hardly any specifics yet. Still, the tidbits already emerging can be interpreted against the incoming economic team members’ individual track record and especially in the context of the long arc of neoliberal thinking that has defined Philippine policymaking over the last half century.

PH among worst performers in Southeast Asia

June 13, 2022

The government hypes the Duterte legacy but comparing growth, jobs, inflation, trade and debt figures with other Southeast Asian countries shows the Philippine economy as among the poorest performers. This is due not only to its poor COVID response, harsh lockdowns and refusal of economic stimulus but to pre-pandemic mispriorities.

1.3M jobs lost: Fall in number of employed bursts full recovery hype bubble

June 11, 2022

The incoming finance secretary claims that the economy is on its way to full recovery, but the over one million drop in employed persons in April 2022 proves otherwise.

PH isn’t Sri Lanka… yet

May 25, 2022

The Philippines isn’t going the way of Sri Lanka yet in defaulting on its foreign debt payments anytime soon. Which is not to say that there are no lessons to be learned from the first canary to die in the coal mine of growing global debt distress.