Philippine economy

Faltering Economy, Shell of A Democracy

January 28, 2019

Download Briefing Paper here Adverse economic and political trends since the start of the Duterte administration intensified last year. The risk of combustion in 2019 has become much higher. The administration has tried to project an image of economic progress and strongman-driven stability, peace and order. But if the year 2018 has shown anything it […]

IBON replies to Presidential Spokesperson on employment situation

January 27, 2019

The Presidential Spokesperson recently said that IBON’s claim of weak annual job creation under the Duterte administration is “mathematically impossible”. There was also the insinuation of being “inept or just maliciously reckless to degrade the achievements of the President”. We are compelled to reply to help the administration come to terms with the reality of […]

The 2019 Budget: War and Infrastructure Over Social Services, Agriculture and Industry

January 26, 2019

The bicameral conference committee will begin deliberations on the 2019 national budget next week. These infographics show how bigger allocations for war and infrastructure are prioritized over allocations for social services, agriculture and industry in three proposed versions of the 2019 national budget. These are the Department of Budget and Management’s Budget of Expenditures and […]

Global Trouble, Local Bubble

January 26, 2019

by Sonny Africa The Philippine economy is slowing amid a global economy in a new period of uncertainty, unpredictability and volatility. The country’s economic policymaking however remains stuck in an imaginary world of efficient free markets, beneficial globalization and humane capitalism. A clearer view of where the world is today compels new economics more than […]

Second year of slowing growth a wake-up call – IBON

January 24, 2019

Research group IBON said that the second year of slowing growth under the Duterte administration should be enough to jolt it out of its complacency and denial. The downturn in the last two years and the poor prospects in the year to come should be a wake-up call to start to undertake the difficult but […]