IBON Executive Director on Q2 2021 economic growth and urgent need for ayuda

August 10, 2021

[QUOTE] The 11.8% growth figures come at the worst possible time. The economic managers will use this to justify their narrow-minded opposition to a real fiscal stimulus. Yet putting more money in the hands of millions of poor and vulnerable Filipinos is extremely effective to fix the economic damage from the ill-conceived over-reliance on lockdowns to contain the pandemic.

Q2 rebound isn’t recovery, will fade without real stimulus – IBON

August 10, 2021

NEWS

The positive second quarter growth in gross domestic product is only a rebound from the record economic collapse in the same period last year. It is not a sign of recovery gaining traction.

Helped Filipinos? Too few helped, too little given

July 25, 2021

The people’s and nation’s needs amid a public health emergency and economic crisis are huge, but government help stayed stingy while spending big on infrastructure, the military and debt-servicing.

Helping so few, spending too little

July 22, 2021