Philippines: Staff Report for the 2011 Article IV Consultation

March 5, 2012

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Philippines: Staff Report for the 2011 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed September 19, 2024

Summary

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.

Subject: Economic sectors, Expenditure, External debt, Fiscal policy, Public debt, Public sector

Keywords: CR, GDP, Global, Growth, Headline inflation, Inflation outlook, Inflation pressure, ISCR, National budget, Philippines, Public sector, Reserve requirement ratio

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/049
Stock No:

1PHLEA2012001
ISBN:

9781463939731
ISSN:

1934-7685

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