Philippine economy

10 things about the economy that the Duterte administration should admit

April 4, 2022

At its economic briefing, the Duterte government will likely hype growth, claim successful COVID response and play up so-called reforms. All this seeks to distract from how social and economic development has been set back by the administration even before the pandemic.

Wage increase needed to avert only real wage decline in 36 years

April 1, 2022

If the Duterte administration does not give a large wage hike, it will finish its term with the only decline in real wages among all post-Marcos administrations over the past 36 years.

Philippine economy suffered under Marcos

February 26, 2022

The decade 1975-1986 was actually a time of intense social crisis and economic difficulty for most Filipinos.

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.

The People Economics Litmus Test: Economic Platforms For Whom?

February 8, 2022

As the presidential election campaign kicks off, what economic platforms do the candidates have to offer?

Neoliberal PH underdevelopment

December 17, 2021

Economic policies determine economic outcomes – and the Philippine economy is the way it is by design, not by accident.

Jobless, sluggish growth persists contrary to gov’t hype — IBON

November 10, 2021

Economic managers shouldn’t celebrate too soon over seemingly positive third quarter growth as more and more Filipinos lose jobs and increasingly make do with informal work. Economic growth is also still slowing with many sectors years from recovery.

Job losses despite quarantine easing may be early sign of economic contraction – IBON

November 5, 2021

The Duterte administration should not be dismissive of the significant drop in employment and rise in unemployment in September 2021. These are signs that the economy is still floundering despite quarantine restrictions easing and vaccinations increasing.