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This web page presents information about the work of the IMF in the Philippines, including the activities of the IMF Resident Representative Office. Additional information can be found on the Philippines and IMF country page, including IMF reports and Executive Board documents that deal with the Philippines.

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At a Glance: The Philippines's Relations with the IMF

At a Glance : Philippines's Relations with the IMF

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News and Highlights

  • The Sunrise region

    “Equilibrium” column on "Business World" of Philippines, by Shanaka Jayanath Peiris, Resident Representative for Philippines, May 7, 2015

    May 7, 2015

  • More reforms for lower risks

    “Equilibrium” column on "Business World" of Philippines, by Shanaka Jayanath Peiris, Resident Representative for Philippines, October 14, 2014

    October 14, 2014

  • Global interest rates and spillovers

    “Equilibrium” column on "Business World" of Philippines, by Shanaka Jayanath Peiris, Resident Representative for Philippines, September 24, 2014

    September 24, 2014

  • So much to gain from the AEC

    “Equilibrium” column on "Business World" of Philippines, by Shanaka Jayanath Peiris, Resident Representative for Philippines, June 17, 2014

    June 17, 2014

  • AEC 2015: Opportunities and challenges

    “Equilibrium” column on "Business World" of Philippines, by Shanaka Jayanath Peiris, Resident Representative for Philippines, May 20, 2014

    May 20, 2014

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Regional Economic Outlook Update: Asia and Pacific

Asia and Pacific Regional Economic Outlook

While Asia’s growth has recently disappointed, the region is expected to grow at a steady 5.4 percent in 2015–16, remaining the global growth leader. Asia’s growth should benefit from relatively strong labor markets and disposable income growth along with the ongoing gradual recovery in major advanced economies. Across most major Asian economies, lower commodity prices should help consumption. Negative risks to growth dominate, especially the possibility of a sharper slowdown in China or larger spillovers from the changing composition of China’s demand. In addition, further U.S. dollar strength accompanied by a sudden tightening of global financial conditions, weaker growth in Japan, and weaker regional potential growth could also dim Asia’s growth prospects. High leverage could amplify shocks, and lower commodity prices will also hurt corporate investment in key commodity-producing sectors. All in all, despite its resilient outlook, Asia is facing a challenging economic environment. This calls for carefully calibrated macroeconomic policies and a renewed impetus on structural reforms to facilitate investment and improve economic efficiency, bolstering economic resilience and potential growth.

Read the report