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By: Cielito F. Habito, PhD
The Bangko Sentral ng Pilipinas (BSP) finally raised key policy interest rates last week, mainly to forestall accelerating price hikes in the coming months. The annual inflation rate has averaged 4.2 percent so far this year, the fastest since 2011. This means that for every P100 worth of goods and services we bought last year, we now have to pay P104.


By: Cielito F. Habito, PhD
Time is running out for President Aquino who many hope would be the one to succeed in getting Congress to pass critical laws long languishing in the legislative mill, for lack of support or political will among those supposedly tasked to uphold our best interests. With the President’s fifth State of the Nation Address (Sona) having launched the second


By: Alvin P. Ang, PhD
The recent passage of another strong typhoon—Glenda (international code name Rammasun)—has again raised questions on how the Philippine economy will be negatively affected.
Estimates show that the typhoon has chipped off some of the growth surge that the economy is experiencing. Meanwhile, comparisons are being made with Supertyphoon Yolanda (


By: Cielito F. Habito, PhD
Forward-looking thinkers are already looking to 2030 even as people anticipate the coming of the Asean Economic Community (AEC) next year. Last week saw the launch in Singapore of the book “Asean 2030: Toward a Borderless Economic Community.” That came with a 2-day policy dialogue conference among scholars and policymakers. I’ve been privileged to be


By: Fernando T. Aldaba, PhD
After four years, the Pnoy regime has registered the highest average real GDP and GDP per capita growth rates among the administrations after EDSA I.    The current economy has actually shifted to a higher level of growth at around 6.12% but unfortunately, benefits have not been dispersed enough as manifested by the high poverty incidence and labor


By: Cielito F. Habito, PhD
The country’s manufacturing sector is growing by leaps and bounds. The Philippine Statistics Authority released data last Friday from the 2012 Census of Philippine Business and Industry (CPBI), showing that the number of manufacturing firms with 20 workers or more jumped to 7,313 from 4,663 in 2010—a hefty 57 percent jump in two years. Still not counted


By: Luis F. Dumlao, PhD
Going straight from the classic textbook Macroeconomics authored by Dornbusch, Fischer and Startz (2014, page 12), “the trend path of GDP is the path of GDP would take if factors of production were fully employed.” “Fully” employed of course does not mean 0 percent unemployment rate. The economy has a normal rate of unemployment as workers move


By: Cielito F. Habito, PhD

Is “Aquinomics” losing steam? In the last four years, it appears to have led to a breakout in the country’s economic performance, seen especially in the growth of aggregate investment and manufacturing activity. Business confidence has been spurred by perceived improvements in governance, notably in the fight against corruption. The result has been


By: Leonardo A. Lanzona, Jr., PhD

The economic gains of the Aquino administration have been quite remarkable, with real gross domestic product (GDP) growth rates now averaging 6.12 percent for the past three-and-a-half years, capped by an unprecedented economic growth rate of 7.2 percent at the end of 2013.

Despite the slowdown in the first


By: Cielito F. Habito, PhD
After four years of significantly improved economic performance, the gains we’ve made are not without threats and it’s certainly not the time to drop our guard.
I’ve been going around showing how the economy has shown signs of being in a “breakout” mode. Ruchir Sharma, in his 2012 best-selling book “Breakout Nations,” was first to use the