GDP growth 2019 — factors to consider
A lingering question for the whole year is whether the year’s growth target of around six percent for 2019 is achievable.
Toward an investment-driven growth
The Duterte administration has introduced investment-driven growth and has raised the growth rate. However, the quality of the economic growth still needs to improve so that the economy’s modern sector of industry and commercial services becomes highly productive.
Tourism as a driver of growth and employment
The Philippine tourism industry today is now much bigger than a decade ago. However, it is still a relatively small industry compared to the tourism industries among other ASEAN neighbors.
Philippine growth: Wages, employment, and poverty reduction
Two current World Bank studies dealing on the Philippine economy provide a useful framework for reviewing the status of economic development and of labor market issues in the country.
Q2 growth: Old or New Normal
The 6% GDP growth in Q2 is a three-year low and has renewed the conversation of revert to the old. Not because the 6% growth is to be sneezed at but because by mid-2018 the rain clouds are starting to gather.
Governance failure across the board
Get real Philippine Daily Inquirer, 11 August 2018 Undeniable fact: Philippine economic growth is slowing down. Growth rates last year were on the order of 6.7 percent. For the first half of 2018, it is 6.3 percent (6.6 percent in Q1 and 6.0 in Q2). Now, the target for 2018 under President Duterte’s Philippine...
The Duterte administration after two years: assessing prospects for higher growth
In conjunction with this year’s State of the Nation Address, which is the third for the Duterte presidency, we focus our commentary today on the administration’s accomplishments during the first two years that are critical to the nation’s economic and social development.
And do our politicians care?
"The Philippines will continue to be the fastest-growing economy in the Association of Southeast Asian Nations despite some stabilization of investment growth.” That’s from the World Bank’s Global Economic Prospects (GEP) which came out last month.
Real target growth rate for 2017 is 7-8 percent
Whoa! Reader, let’s not get carried away by the news that our economy grew by 6.9 percent in the third quarter of the year, as shown by the most recent National Income Accounts. And why not? you may ask. Isn’t that great?
National security and economic development
Many East Asian countries have adopted strict national security measures that were once considered excessive. However, as they raised their economic achievements, they gained the comfort and the confidence to relax slowly what were initially denied.
Growth accelerations
Taking the long view and beyond scoring political points, however, if GDP does grow by 6-6.5% this year, then the Philippines would qualify as a clear case of “growth acceleration”
Duterte’s economics
The Philippines is the only major country in the Southeast Asian region where foreign direct investment has played a relatively modest role in its development. It could serve as a major and additional engine of economic growth, but legal and other obstacles prevent it from playing a larger role.
