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Phillippine Economic Crisis

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Phillippine Economic Crisis
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International Labour Office Policy Integration Department

The Philippines in the global economic crisis: the social and local dimensions

Lourdes Kathleen Santos[1]

A Technical Note for the Policy Coherence Forum

Overcoming the Jobs Crisis and Shaping an Inclusive Recovery: The Philippines in the aftermath of the global economic turmoil

11 – 12 March 2010

Philippines

March 2010

Table of Contents

1. Introduction 3

2. Highlights of the Focus Group Discussions (FGDs) 4

Impact on Displaced Women and Men in Export Processing Zones 4

Impact on Informal Sector Workers and/or Informal Support Service Providers 5

Impact on Displaced Overseas Filipino Workers (OFWs) and on Families

dependent on remittances 6

Impact on Rural Communities 7

Impact on the Young Women and Men 8

Gender Dimension 9

3. Conclusions and Policy Issues 9

Bibliography

Appendices

Appendix 1 Summary Report on the Focus Group Discussions by PIMA Foundation, Inc.

Appendix 2 FGD Guide

Appendix 3 FGD Survey and Handout

1. Introduction

Several national statistics suggest that the country’s economy is holding up relatively well in the global crisis. GDP grew by 1.8 percent in the fourth quarter of 2009, accounting for an annual 2009 average of 0.9 percent, a reasonable performance considering the impact of the global crisis as well the recent natural calamities. The October 2009 Labor Force Survey noted that employment grew by 2.7 percent (i.e. 944,000). Total OFW remittances in dollar terms over the period as of November 2009 grew by 8.9 percent. Services (4.2 percent) led the economy 's growth. Manufacturing returned to positive territory during the fourth quarter of 2009 (1.3 percent), after the sharp fallout of the earlier



Bibliography: Asian Development Bank. 2009. Poverty in the Philippines: Causes, Constraints, and Opportunities. - Esguerra, Jude. 2010. Assessing Local Policy Responses to the Crisis in the Philippines - King-Dejardin, Amelita - Rosas, Gianni. 2009. Youth employment measures to counter the negative impact of the economic crisis. FGD Participant Profiles Twelve (12) FGDs were conducted from September 25 to October 29, 2009 |1 |NCR |11 women affected by the global crisis i.e. displaced, laid-off because of company | | |September 25, 2009 |closures; contracts not renewed or not regularized, etc |2 |NCR |9 males and females who were all previously working abroad i.e. Middle East, Japan, | | |October 2, 2009 |Macau, Taiwan, etc |3 |Tarlac |10 males and females in one barangay of Paniqui, Tarlac i.e. affected workers, | | |October 9, 2009 |households, LGU, small business owners, etc.; all affected by the economic crisis |4 |Tarlac |10 males and females retrenched from local or foreign companies in 2 barangays of | | |October 9, 2009 |Paniqui, Tarlac | |5 |Batangas |10 dependents or household members receiving remittances from affected local and | | |October 16, 2009 |foreign-based migrants in 2 barangays in Lipa City, Batangas | |6 |Laguna |10 young males and females ranging in age from 17 to 24 in San Pablo City, Laguna | | |October 17, 2009 | | |7 |Bohol |Workers and / or returning local and foreign OFW migrants from Maribojoc, Bohol | | |October 21, 2009 | |

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