Third quarter surprise

Cielito F. Habito - @inquirerdotnet 11/23/2021

I was wrong about how the economy would fare in the third quarter (Q3) this year. And like most everybody else, I’m glad I was. Most were surprised at the unexpected strong upturn in the country’s gross…

11.8 percent GDP growth—what it means

Solita Collas-Monsod - @inquirerdotnet 08/14/2021

  Is the 11.8 percent growth of GDP in the second quarter of 2021 an indication that the Duterte administration has managed the COVID-19 situation really well, and has achieved the correct balance between lives and livelihood?…

How did PNoy fare?

Solita Collas-Monsod - @inquirerdotnet 06/26/2021

PNoy was not my candidate for President in the 2010 elections, but he was certainly head and shoulders above the rest of the “frontrunners”—former president Joseph Estrada and Sen. Manny Villar. The smell of corruption surrounding these…

Debt-to-GDP ratio jumped to 14-year high in 2020

Philippine Daily Inquirer 02/04/2021

Repayments and a stronger peso slightly tempered debt accumulation in December last year, but the record recession coupled with a jump in borrowings to fight COVID-19 jacked up the share of unpaid obligations to the Philippine economy…

A year to forget

Peter Wallace - @inquirerdotnet 12/31/2020

Finally we end the worst year the world has experienced since the world wars, and in some ways beyond maybe. The impact on our lives has been, quite simply, horrendous. The impact on national economies disastrous. It…

When gov’t ignores its own plan

Solita Collas-Monsod - @inquirerdotnet 12/12/2020

The World Bank launched earlier this week its Philippine Economic Update, entitled “Building a Resilient Recovery.” One of its key findings was that the country’s GDP will likely shrink by about 8.1 percent in 2020. That implies…

A P1.84-trillion loss—due to gov’t bungling

Solita Collas-Monsod - @inquirerdotnet 11/28/2020

What has the country lost to COVID-19? This column will not deal with the number of deaths (8,242), or the number of cases (424,297), or translate these into all sorts of indicators, like number of work days…

PH virus response fails to make IMF cut

Ben O. de Vera - Reporter / @bendeveraINQ 10/22/2020

MANILA, Philippines — Although it imposed the longest and most stringent COVID-19 lockdown in the Asia-Pacific region, the delay in mass testing and dodgy contact tracing failed to contain the spread of the deadly coronavirus in the…

PH GDP seen shrinking by over 7% in 2020

Ben O. de Vera - Reporter / @bendeveraINQ 09/24/2020

MANILA, Philippines — The Philippines’ gross domestic product (GDP) is expected to fall at its worst rate in at least 36 years, no thanks to the COVID-19 pandemic’s debilitating impact on the domestic as well as global economies.…

GDP shrink could have been eased by public transport during quarantine — Robredo

Gabriel Pabico Lalu - Reporter / @GabrielLaluINQ 08/09/2020

MANILA, Philippines — The shrink in the country’s economy could have been eased had the government allowed public transportation to operate safely during the quarantine period, said Vice President Leni Robredo. Robredo on Sunday, who insisted that…

16.5-percent GDP drop: What went wrong?

Solita Collas-Monsod - @inquirerdotnet 08/08/2020

Our country has experienced negative growth for two quarters in a row in 2020 and is now technically in recession. In the first quarter of 2020, we contracted by 0.7 percent, and for the second quarter, the…

Officially a recession: PH GDP shrank 16.5% in Q2

Ben O. de Vera 08/06/2020

MANILA, Philippines–The Philippine economy contracted by a record 16.5 percent during the second quarter — at the height of the longest and most stringent COVID-19 lockdown in the region that had put a halt to 75 percent…

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