Book contents
- Frontmatter
- Contents
- List of Tables
- List of Figures
- Acknowledgements
- About the Contributors
- 1 Introduction: Change and Continuity Narratives in the Philippines from Duterte to Marcos Jr.
- 2 Much a Duterte about Nothing: Continuity, Complacency, and Crisis in the Philippine Economy (2016–23)
- 3 From Entrepreneur to Saboteur: How the Philippines Won and Lost the South China Sea on Social Media
- 4 Course Correction from Over-Militarization: National Security from the Duterte to the Marcos Jr. Administration
- 5 Duterte’s Federalism and Constitutional Change Project: From Campaign Promise to Abandoned Reform
- 6 Experiencing Grief: Duterte’s Lethal Drug War and Its Widows
- 7 Tsek.ph and the Media’s Pushback against Digital Disinformation
- 8 A Quixotic Quest? Electoral and Political Reforms from Duterte to Marcos Jr.
- 9 The Changing Local Political Dynamics during the COVID-19 Pandemic: The Philippine Experience underDuterte (and Marcos Jr.)
- 10 An Unchanging Terrain? Environment and Climate Change in the Philippines from Duterte to Marcos Jr.
- 11 Mitigating Risks, Fostering Resilience: Human Security and Disaster Response Policy from Duterte to Marcos Jr.
- 12 Understanding Gendered Disinformation in the Philippines and Its Implications to Women in Politics
- 13 (Dis)continuities and Disruptions in Labour Migration Governance: The Philippines from the Duterte to the Marcos Jr. Administration
- Index
2 - Much a Duterte about Nothing: Continuity, Complacency, and Crisis in the Philippine Economy (2016–23)
Published online by Cambridge University Press: 03 July 2025
Book contents
- Frontmatter
- Contents
- List of Tables
- List of Figures
- Acknowledgements
- About the Contributors
- 1 Introduction: Change and Continuity Narratives in the Philippines from Duterte to Marcos Jr.
- 2 Much a Duterte about Nothing: Continuity, Complacency, and Crisis in the Philippine Economy (2016–23)
- 3 From Entrepreneur to Saboteur: How the Philippines Won and Lost the South China Sea on Social Media
- 4 Course Correction from Over-Militarization: National Security from the Duterte to the Marcos Jr. Administration
- 5 Duterte’s Federalism and Constitutional Change Project: From Campaign Promise to Abandoned Reform
- 6 Experiencing Grief: Duterte’s Lethal Drug War and Its Widows
- 7 Tsek.ph and the Media’s Pushback against Digital Disinformation
- 8 A Quixotic Quest? Electoral and Political Reforms from Duterte to Marcos Jr.
- 9 The Changing Local Political Dynamics during the COVID-19 Pandemic: The Philippine Experience underDuterte (and Marcos Jr.)
- 10 An Unchanging Terrain? Environment and Climate Change in the Philippines from Duterte to Marcos Jr.
- 11 Mitigating Risks, Fostering Resilience: Human Security and Disaster Response Policy from Duterte to Marcos Jr.
- 12 Understanding Gendered Disinformation in the Philippines and Its Implications to Women in Politics
- 13 (Dis)continuities and Disruptions in Labour Migration Governance: The Philippines from the Duterte to the Marcos Jr. Administration
- Index
Summary
In 2016, President Rodrigo Duterte inherited an economy with years of steady growth, low inflation, a lower debt burden, an influx of investments, and robust consumer and business confidence. In some ways, the Duterte administration (2016–22) kept that momentum. But this period also saw the reversal of some of these beneficial macroeconomic outcomes, as evidenced by slowing growth, a spell of high inflation, the steady decline of foreign direct investments, and the deep recession wrought by the pandemic (exacerbated by Duterte's inept pandemic response). The subsequent Marcos Jr. administration will have to contend with the deep economic scars left by the pandemic. But early signals suggest that Marcos Jr. is more interested in efforts to rehabilitate his family's image and rehash old programmes and policies of the late dictator, Marcos Sr.
Keywords: Philippine economy, economic policies, COVID-19 pandemic
The economic environment that prevailed during the Rodrigo Duterte administration (2016–22)—and extended into the early part of the succeeding Ferdinand Marcos Jr. administration—is largely the byproduct of the cumulative economic reforms and momentum spurred by previous administrations, notably the Benigno Aquino III administration (2010–16). Based on all major macroeconomic indicators, Aquino III left a legacy of stability and growth. From 2010 to 2015, annual gross domestic product (GDP) grew at an average rate of 6.26 per cent—the highest average growth in a post-war administration since the time of former president Ramon Magsaysay. Meanwhile, inflation averaged 3.1 per cent, the lowest since the administration of Carlos P. Garcia. The unemployment rate dropped from 8 per cent before Aquino III took office to 6.1 per cent right before he stepped down.
Information
- Type
- Chapter
- Information
- Games, Changes, and FearsThe Philippines from Duterte to Marcos Jr, pp. 33 - 58Publisher: ISEAS–Yusof Ishak InstitutePrint publication year: 2024
Accessibility standard: Unknown
Accessibility compliance for the PDF of this book is currently unknown
and may be updated in the future.