Philippine economy

IBON debunks economic Cha-cha movers’ claims on FDI

January 19, 2021

Charter change proponents claim that removing economic protections against foreign investments is needed for economic recovery. But FDI liberalization will instead have long-term adverse impacts on national economic development.

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 labor market rebounding but not recovering – IBON

December 4, 2020

News | The labor market rebounding as lockdown restrictions are eased should not be mistaken as ‘recovery’. More than people returning to work, the term should mean returning to the same levels of employment as before. Recovery can only happen with substantial economic stimulus with sufficient government financial assistance or subsidies to workers affected by the pandemic.

Govt stinginess worsens Filipinos’ suffering and PH economic collapse

November 10, 2020

Statement | Months into the worst economic collapse in the country’s history, the Duterte administration’s obsession with creditworthiness and the myth of a fundamentally strong Philippine economy is preventing it from taking the measures needed for real and rapid recovery.

IMF sees Vietnam overtaking PH: It’s not because of COVID

October 15, 2020

COMMENTARY

Our economic managers would do well to stop being blinded by their neoliberal dogma and start taking a more strategic view of national development. Without radical changes in our economic policies the Philippines will just keep getting left further behind.

Stimulus: Spend, spend, spend Php1.6 trillion

August 11, 2020

BY SONNY AFRICA

Maybe all it takes for something to become government policy is to say it thrice?

Duterte gov’t to blame for worst economic collapse in PH history

August 6, 2020

STATEMENT

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.