Russia-Ukraine conflict escalation would cause ‘devastating’ economic damage: IMF

Agence France Presse 03/06/2022

WASHINGTON  – The IMF warned on Saturday that the already “serious” global economic impacts of the war in Ukraine would be “all the more devastating” should the conflict escalate. Even as forecasts remain subject to “extraordinary uncertainty,…

‘Limited,’ ‘inefficiently implemented’ gov’t response

Solita Collas-Monsod - @inquirerdotnet 05/15/2021

Our finance secretary is, according to this newspaper’s headline yesterday, searching for some P75 billion to fund vaccinations for 15 million young Filipinos age 12 to 17, plus booster shots for everyone—the 70 million adults that will…

Impose wealth tax on our billionaires

Solita Collas-Monsod - @inquirerdotnet 05/01/2021

US President Joe Biden was met with thunderous applause when he revealed that he would finance the cost of his $1.8 trillion American Families Plan announced three days ago, by making sure corporate America and the wealthiest…

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…

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…

The political economy of COVID-19

Fernando Fajardo 04/15/2020

  No country in the world, both rich and poor, is immune from the onslaught that comes with the recent coronavirus outbreak that began in Wuhan, China, in December 2019. Known as SARS-Cov-2, the virus has already…

BSP official cites factors that make country’s economy strong

Victor Anthony V. Silva 08/29/2016

(Conclusion) WITH the Philippines recognized by the international financial organizations like the World Bank (WB) and the International Monetary Fund (IMF) as Asia’s rising tiger, a Bangko Sentral ng Pilipinas (BSP) official cites the factors that made…

The Philippine economy in the next six years

Fernando Fajardo 08/04/2016

This is not about forecasting on what most likely to be the annual growth rate of the Philippine economy in the next six years or until the next presidential election. To do so would be to belie…

Neda chief says 2016 growth projections still ‘respectable’

Marites Villamor Ilano, Michelle Joy L. Padayhag 05/01/2016

The International Monetary Fund’s growth projections for the Philippines this year, although lower than the original targets and the government’s own projections, remain at a respectable level amid the global headwinds, Socio-Economic Planning Secretary Emmanuel F. Esguerra…

IMF: Cut tax holidays, raise infra spending

Marites Villamor Ilano 04/26/2016

The Philippines is well-positioned to ride through the global economic slowdown but should maintain its prudent fiscal policy focusing on increased infrastructure spending to attract more investments, an International Monetary Fund (IMF) official said. Shanaka Jayanath Peiris,…

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