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As we are heading through the mid-haft of Duterte’s scandalously incompetent rule. We’ve all learned that economic growth has been slowing since the start of the Duterte administration, and is heading to its lowest in three years. Gross domestic product (GDP) growth was 6.7% in 2016, slowed to 6.6% in 2017, and is down to 6.3% in the first three quarters of 2018 according to IBON Foundation.
Under Duterte – Job creation the slowest since Marcos time
According to data from Philippine Statistics Office. It appears that in the past Presidents annual job-creation growth we can conclude that Corazon Aquino in 1987-1992 (810,000), Ramos in 1993-1998 (489,000), Estrada in 1999-2001 (842,000), Arroyo in 2002-2010 (764,000), and Benigno Aquino III in 2011-2016 (827,000) has better annual job-creation numbers than.
Meanwhile under Duterte. We only have about 81,000. The number of employed only increased by 162,000 from 41 million in 2016 to 41.2 million in 2018, according to data from the Philippine Statistics Authority (PSA).
It’s also important to point out that since our economy had been in doldrums from the time Duterte started his office as President until now. So we can now conclude that Duterte is the main reason why we are all experiencing all of this economic mishaps. Owing from that fact that he has since been useless in tacking against corrupt officials or even clamping down on many agencies alleged over-spending of taxpayer money.
Gross domestic product (GDP) growth was 6.7% in 2016, slowed to 6.6% in 2017, and is down to 6.3% in the first three quarters of 2018
Also given the fact that many businesses had been closing down and moving their operations away from the Philippines due to Duterte’s unstable policies such as slaughtering drug-offenders and imposing new tax matrix under TRAIN Law that affects many businesses previously enjoying tax-incentives from the government. If we continue down this path then our country could be dangerously and seriously affected economically and everything could spiral out of control like what happened in Venezuela.
Very slow job creation yet Duterte wants more jobs for Chinese workers
The promise of ”Change” has remained largely illusive from the firm grasp of the populace. As prices of commodities, and growing unemployment. Many people are suffering from his incompetent rule. Adding the fact that he condones the atrocities against his people with no regard of its consequences.
A total of 3.12 million Chinese citizens entered the Philippines from January 2016 to May 2018, according to the Bureau of Immigration. Within these figures is a number of Chinese workers, which is still unknown.