By Satur C. Ocampo At Ground Level | The Philippine Star As expected, President Aquino and his economic team wax euphoric over the official report that the national economy expanded by 6.6% in 2012, from 3.9% growth rate in 2011. “It is a resounding affirmation of the Aquino administration’s fiscal strategy, backed as it is…
Tags: gross domestic product (GDP)
P125 Wage Hike and Arroyo’s Economic Boom
If President Arroyo wants to talk about “social payback from the booming economy,” the only acceptable and meaningful social payback that Filipino workers deserve today is a substantial wage increase complemented by price control reforms, tax reforms, and drastic increases in social services spending BY ARNOLD PADILLA IBON Features Posted by Bulatlat IBON Features –…
Gov’t Claim of High GDP: Sustained Growth?
Poor people cannot be blamed for not sharing the government’s euphoria over the 6.4 percent growth in the gross domestic product (GDP). After all, they cannot feel such growth, and a close scrutiny of the figures shows that the latest data on the local output only reflects the kind of economy the country has. By…