Recovery stalls with Q2 GDP quarter-to-quarter contraction — IBON

Agosto 11, 2022

Contrary to the new economic team’s hype, research group IBON said that the quarter-on-quarter contraction of the economy in the second quarter of 2022 shows that recovery remains weak and requires more determined government action. IBON said that reopening the economy is not enough because too many Filipinos are still jobless, earn too little, and […]

Marcos should admit 3-year high inflation to propose real solutions — IBON

Hulyo 6, 2022

Inflation is at its highest in three years, but instead of offering a real solution to soaring prices, the newly-installed Marcos administration is downplaying the severity of this and saying it is beyond government control.

PH among worst performers in Southeast Asia

Hunyo 13, 2022

The government hypes the Duterte legacy but comparing growth, jobs, inflation, trade and debt figures with other Southeast Asian countries shows the Philippine economy as among the poorest performers. This is due not only to its poor COVID response, harsh lockdowns and refusal of economic stimulus but to pre-pandemic mispriorities.

Real wages fall as inflation spikes

Hunyo 9, 2022

Higher May inflation pushed the real value of wages to even lower levels and is making basic food and transport services even more unaffordable. Inflation far outpaces the outgoing Duterte administration’s wage hikes and wage earners are worse off now than six years ago.

Duterte Legacy?

Hunyo 1, 2022

The economy that the Duterte administration painted in its final report was a fantasy. It omitted important numbers that show how it wasn’t an economy that worked for ordinary Filipinos. Download the landscape version of the infographic here.

Purchasing power of NCR minimum wage still falls

Mayo 18, 2022

Price increases cause insufficient wages to further erode

Inflation spikes, yet cash subsidies nowhere in sight

Mayo 6, 2022

NEWS

The fastest consumer price increases in over three years makes cash aid ever more urgent. Yet the Duterte administration keeps reneging on its promised aid to families.

The scourge of price hikes

Abril 16, 2022

Prices keep rising, cash subsidies are limited, and real wages keep falling. The situation will not get better if the government does not acknowledge that the rampant jobs crisis and worsening poverty are huge problems that require big solutions.

10 things about the economy that the Duterte administration should admit

Abril 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.