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Lessons learned Approaches of different countries Economic

Sweden’s economy in much better shape than the rest of Europe

In this report for Newsweek published last August 6, 2020, author Soo Kim says that Sweden’s economy is outperforming the rest of Europe. Like it’s neighbors, the country experienced a decline in its Gross Domestic Product (GDP), but Sweden is not yet in recession. Editor’s Note: Remember the article published by the New York Times in […]

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Economic Philippine Developments

Jollibee to close 255 stores

Jollibee Food Corporation (JFC) has announced that it will close 255 stores after suffering from a net loss of 11.96 billion pesos for the first six months of the year. By closing some of its stores, the company hopes to rebuild its business in order to meet the change in consumer behavior brought about by […]

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Economic

Big Tech thriving during pandemic despite widespread economic upheaval

While most countries in the world are experiencing severe economic contractions, Amazon, Facebook, and Apple are thriving. Projections are showing that the financial positions will only improve as the pandemic has pushed more people towards the internet. While the three companies were already doing well before the pandemic, but analysts are surprised at the extent […]

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Philippine Developments Economic

Philippines officially in technical recession as economy shrinks by 16.5% in Q2

The Philippine economy is experiencing its greatest contraction in two decades following the extension of lockdowns in the country. The Reuter poll in June projected a 9% decline in economy, but official figures are now much larger, now pegged at 16.5%. Economic planners are now projecting an annual shrinkage of 5.5%. Editor’s Note: For non-economists, such […]

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Economic

ECOP: Almost 53% of MSMEs closed down permanently and partially

Edgardo B. Lacson, chairman of the Employer’s Conference of the Philippines (ECOP) says that 52.66% of micro, small, and medium enterprises have closed down permanently or partially due to the prolonged lockdown imposed by the Philippine government.  Of those who were able to continue their operation, 12.55% of MSMEs have limited operations, while only 34.79 […]

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Societal Economic Human

20% of Filipinos go hungry amid COVID

A recent survey conducted by the SWS discovered that 5.2 million or 20.9% of Filipinos have experienced involuntary hunger over the past three months of community quarantines in the country. This is a 4.2% increase from the involuntary hunger recorded in May 2020. 5.1% have experienced severe hunger, the highest figure recorded since June 2013.  […]

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Societal Economic Political

Projections on how COVID-19 will reorder our societies

In this March issue of The Politico Magazine, we read some expert predictions on how our societies will be transformed by COVID-19. From this article, it is the opportunity for change is apparent. The author, however cautions: such societal transformation can go both ways. It can either lead us toward a sustainable, nurturing, and life-giving future, or […]

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Philippine Developments Economic Human Societal

3.9 million Filipino workers might lose jobs

In this article for The Manila Times, author William Depasupil says that 78% of businesses affected by COVID-19 will remain closed for months, hence leading to the loss of some 3.9 million jobs. The figure included both local and overseas Filipino workers.  Editor’s Note: Will the Philippines have the capacity to ensure that basic needs of the […]

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Economic Human

World Bank: Pandemic could push 60M into extreme poverty

In this May 21, 2020 report written for the Agence France-Presse, the World Bank said that 60M people around the world could fall into extreme poverty. This pronouncement comes after the World Bank has began financing aid programs to 100 countries. World Bank president says that this will reverse the progress made by poverty alleviation programs […]

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Economic

Could the novel coronavirus end globalization?

As countries around the world impose restrictions on domestic and international travels, we are beginning to see the impacts to the global economy. Factories have closed, global supply chains are disrupted, and many industries are losing income by the day. Is this paving the way for a new economic system?  In this article for the World […]