Marcos Jr.'s Cabinet faces a dire, divisive global economy

Over the past decade, global economic prospects have been penalized by the fall of world trade, investment and migration, and the unwarranted suffering of over 100 million globally displaced.

BEFORE the pandemic devastation, as President Ferdinand "Bongbong" Marcos Jr. said in his inaugural address, the Philippines was still "the fastest-growing economy in Asean." While fostering confidence in the post-pandemic economy, he is painfully cognizant of the new and divisive international landscape.