Philippines: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Philippines
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Summary:
The staff report for the Philippines’ 2008 Article IV Consultation is focused on economic developments and policies. A deepening of the global economic downturn presents downside risks to this outlook. Inflation is expected to reach 9½ percent in 2008 and decline to 6 percent in 2009, led by a decline in commodity prices and weaker demand. Bank surveillance has been strengthened and steps have been taken to reduce risks related to off-balance sheet activities.
Series:
Country Report No. 2009/062
Subject:
Banking Economic sectors External debt Fiscal policy Global financial crisis of 2008-2009 Inflation Prices Public debt Public sector
English
Publication Date:
February 20, 2009
ISBN/ISSN:
9781451831436/1934-7685
Stock No:
1PHLEA2009001
Pages:
62
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