Philippine economy

Why are Filipinos so poor if the labor market is so vibrant?

February 11, 2023

The economic managers chronically downplay problems and prefer unfounded sunshine and smugness about the state of the economy. This hinders taking steps towards real solutions.

IBON: PDP 2023-2028 non-solution to PH economic crisis

January 30, 2023

The Marcos Jr administration’s Philippine Development Plan 2023-2028 boldly promises “economic and social transformation for a prosperous, inclusive and resilient society” yet falls short as a comprehensive development plan.

Filipinos didn’t feel growth because of ayuda cuts and stingy wage hikes – IBON

January 27, 2023

Millions of ordinary Filipinos did not benefit from supposedly rapid 2022 growth because the government tightened the purse strings on urgent cash assistance and only gave a negligible wage hike last year.

Rapid 2022 growth just a flash in the pan, poverty even increased — IBON

January 27, 2023

Relatively rapid growth in 2022 is only a rebound after the protracted pandemic lockdowns and there will be a steep slowdown this year.

Bongbong will be tested on the economy in 2023

January 21, 2023

The binding constraint to steadier progress and development is the outdated faith in market forces. The blindness to the state’s responsibility to intervene will mean worse times in 2023. It will also reopen lockdown wounds that were hidden by last year’s rebound but haven’t really healed yet.

“Louis Vuitton” tax inferior to billionaire wealth tax – IBON

January 19, 2023

A higher consumption tax on luxury goods is desirable but is not a substitute for a wealth tax which can raise far more revenues for social and economic development.

Employment decline belies govt claims of upbeat labor market — IBON

December 8, 2022

The government’s claim of an upbeat labor market is an overstatement that dismisses the significant decline in employment and growing number of discouraged workers.