{"id":16564,"date":"2025-05-15T18:13:10","date_gmt":"2025-05-15T10:13:10","guid":{"rendered":"https:\/\/www.ibon.org\/?p=16564"},"modified":"2025-05-15T18:14:29","modified_gmt":"2025-05-15T10:14:29","slug":"6-0-economic-growth-target-impossible","status":"publish","type":"post","link":"https:\/\/www.ibon.org\/tl\/6-0-economic-growth-target-impossible\/","title":{"rendered":"6.0% economic growth target impossible"},"content":{"rendered":"<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.ibon.org\/wp-content\/uploads\/2025\/05\/econ-1.png\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"4320\" height=\"5400\" src=\"https:\/\/www.ibon.org\/wp-content\/uploads\/2025\/05\/econ-1.png\" alt=\"\ud835\udff2.\ud835\udfec% \ud835\uddf2\ud835\uddf0\ud835\uddfc\ud835\uddfb\ud835\uddfc\ud835\uddfa\ud835\uddf6\ud835\uddf0 \ud835\uddf4\ud835\uddff\ud835\uddfc\ud835\ude04\ud835\ude01\ud835\uddf5 \ud835\ude01\ud835\uddee\ud835\uddff\ud835\uddf4\ud835\uddf2\ud835\ude01 \ud835\uddf6\ud835\uddfa\ud835\uddfd\ud835\uddfc\ud835\ude00\ud835\ude00\ud835\uddf6\ud835\uddef\ud835\uddf9\ud835\uddf2The economy declined from the average 6.4% growth during the 2010-2019 decade prior to the pandemic to just 5.6% in 2023-2024. This concerning shift to lower growth underscores the failure of neoliberal policies and decades of overly relying on foreign investments and prioritizing corporate profits for so-called development.But the Marcos administration stubbornly sticks to such framework. This makes the government\u2019s post-election top priority of hitting its 6.0% economic growth target for 2025 \u2014 by achieving 6.2% growth rate for the remaining quarters of the year \u2014 absurd.\" class=\"wp-image-16565\" srcset=\"https:\/\/www.ibon.org\/wp-content\/uploads\/2025\/05\/econ-1.png 4320w, https:\/\/www.ibon.org\/wp-content\/uploads\/2025\/05\/econ-1-240x300.png 240w, https:\/\/www.ibon.org\/wp-content\/uploads\/2025\/05\/econ-1-819x1024.png 819w, https:\/\/www.ibon.org\/wp-content\/uploads\/2025\/05\/econ-1-768x960.png 768w, https:\/\/www.ibon.org\/wp-content\/uploads\/2025\/05\/econ-1-1229x1536.png 1229w, https:\/\/www.ibon.org\/wp-content\/uploads\/2025\/05\/econ-1-1638x2048.png 1638w\" sizes=\"(max-width: 4320px) 100vw, 4320px\" \/><\/a><\/figure>","protected":false},"excerpt":{"rendered":"<p>The Marcos government claimed that hitting the 6.0% growth rate for 2025 is its post-election top priority. But is it doing what it takes to drive the economy towards faster growth?<\/p>","protected":false},"author":3,"featured_media":16566,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[1269],"tags":[797,366,365,2973],"acf":[],"_links":{"self":[{"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/posts\/16564"}],"collection":[{"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/comments?post=16564"}],"version-history":[{"count":1,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/posts\/16564\/revisions"}],"predecessor-version":[{"id":16567,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/posts\/16564\/revisions\/16567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/media\/16566"}],"wp:attachment":[{"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/media?parent=16564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/categories?post=16564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibon.org\/tl\/wp-json\/wp\/v2\/tags?post=16564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}