Philippines : 2013 Article IV Consultation

Publication Date: April 18, 2013

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Summary: The Philippines’ macroeconomic fundamentals have improved considerably during the past decade. However, new macrofinancial challenges are emerging. The economy is continuing to adjust to the large persistent inflows from abroad. Transmission of domestic policy interest rates has been weakened by low interest rates abroad and ample domestic liquidity. The continued focus on mobilizing fiscal revenue will help support sustained and inclusive growth, while strengthening resilience to shocks. Improvements in the investment climate would make growth more persistent and support domestic job creation.
Series: IMF Staff Country Reports
Subject(s): Article IV consultation reports | Economic growth | Demand | Monetary policy | Reserves | Banking sector | Fiscal policy | Capital inflows | Revenue mobilization | Debt sustainability analysis | Economic indicators | Public information notices | Staff Reports | Philippines

Publication Date: April 18, 2013
ISBN/ISSN: 9781484359150/1934-7685 Format: Paper
Stock No: 1PHLEA2013001 Pages: 74
US$18.00 (Academic Rate:
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