Tag: slowing economy

PH economy headed towards 3rd year of slow growth — IBON

November 8, 2019

Research group IBON said that the Philippine economy is on its way to a third straight year of slowing economic growth under the Duterte administration. The group said that while the economy registered higher growth in the third quarter of 2019, the factors behind this are too weak and unsustainable. The government recently reported 6.2% […]

Inflation slowing due to a sluggish economy — IBON

November 6, 2019

Research group IBON said that despite reported slower inflation, daily expenses are still rising and too expensive for the majority of Filipinos who suffer low and stagnant incomes. The group also said that slowing inflation mainly reflects a slackening economy. The Philippine Statistics Authority (PSA) reported lower nationwide inflation at 0.8% in October 2019 from […]