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6.0% economic growth target impossible

IBON Foundation
IBON Foundation  ·  1 min read
6.0% economic growth target impossible


𝟲.𝟬% 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗴𝗿𝗼𝘄𝘁𝗵 𝘁𝗮𝗿𝗴𝗲𝘁 𝗶𝗺𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲The 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’s post-election top priority of hitting its 6.0% economic growth target for 2025 — by achieving 6.2% growth rate for the remaining quarters of the year — absurd.



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IBON Foundation
IBON Foundation

IBON Foundation is a non-stock, non-profit development organization. We have been serving the Filipino people through research and education since 1978. IBON seeks to promote an understanding of socioeconomics that serves the interests and aspirations of the Filipino people. We study the most urgent social, economic, and political issues confronting Philippine society and the world.

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