Cover IMF Staff Country Reports
Buy Book in Print
Philippines: Staff Report for the 2011 Article IV Consultation
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 049
Language:
English
Publication Date:
05 Mar 2012
DOI:
https://doi.org/10.5089/9781463939731.002
ISBN:
9781463939731
ISSN:
1934-7685
Pages:
64
Keywords:
ISCR; CR; headline inflation; reserve requirement ratio; growth; GDP; Philippines; inflation outlook; inflation pressure; national budget; Public sector; Global
Download PDF (1.8 MB) Download Epub
This 2011 Article IV Consultation reports that the Philippines is being affected along with other countries in the region by the fragile global environment. The key challenge is to navigate through the period of global uncertainty to maintain macroeconomic stability while building the foundations for faster and more inclusive growth. Domestic demand should support growth in 2012, as public spending picks up after a sharp decline in 2011, and IMF staff expects growth to rise from 3.7 percent in 2011 to 4.2 percent in 2012.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund