Philippine economy
Golden years?: The real long-lasting economic damage wrought by Marcos
September 21, 2021
The Marcos administration was notorious for world-beating cronyism and corruption. But this is not enough to fully explain the worst economic collapse in Philippine history and continued decline long after the dictatorship was overthrown.
Under Marcos, PH economy worst performing in Asia
September 18, 2021
Spending like normal during the very abnormal pandemic crisis
September 16, 2021
Inessential infra isn’t more important than health, ayuda
September 16, 2021
Why spend more on military and police than small businesses and farmers?
September 16, 2021
Govt’s 7-9% growth in 2022 is just a fantasy – IBON
August 26, 2021
The Development Budget Coordination Committee has had a poor record of projecting economic growth in the last five years with their estimates always off the mark. Worse, their narrow-minded fiscal conservatism is the biggest factor preventing more rapid recovery.
2022 budget stalls recovery, worsens inequality
August 23, 2021
Government’s proposed 2022 national budget is the second budget in a row that fails to respond to the pandemic. The Duterte administration is not spending enough on economic stimulus, health, ayuda, and small businesses which are the most important things to recover quickly and stop worsening deprivation. The economic managers’ misguided fiscal conservatism is counterproductive and needs urgent correction.
Ayuda urgently needed to mitigate worsening poverty
August 21, 2021
The government has just announced the transition from ECQ to modified ECQ so the economy can supposedly recover. But the Duterte administration’s over-reliance on destructive lockdowns without effective and substantial health and economic response, like much-needed ayuda, is what’s really worsening the crisis and pushing more Filipinos into poverty.
