Philippines: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Philippines
IMF Staff Country Reports, September 27, 2018
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- Philippines: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Philippines
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Bibliographic details
- Published: September 27, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484378588.002
Overview
- The economy of The Philippines continues to perform well but is facing new challenges.
- Short-term risks have risen, while the medium-term economic outlook remains favorable.
- Subjects covered: Central bank policy rate, Economic and financial statistics, Financial services, Government finance statistics, Inflation, Infrastructure, National accounts, Prices.
- Keywords listed: bond yield, Central bank policy rate, Core CPI inflation, CR, equity price, Global, government bond bond yield, Government finance statistics, headline CPI inflation, Inflation, Infrastructure, ISCR, staff appraisal.
Key findings
- Real GDP growth is projected to grow strongly in 2018 and 2019, supported by domestic demand.
- Real GDP growth is projected at just under 7 percent over the medium term.
- Inflation has risen.
- Inflation is projected at above the 4 percent upper target bound in 2018 and stay in the upper half of the target band during 2019–2020.
- Poverty and inequality challenges remain.
- External uncertainty has increased.
- The current account deficit is projected to remain manageable, financed largely by foreign direct investment.
Projections and outlook
- Real GDP growth: projected to grow strongly in 2018 and 2019; projected at just under 7 percent over the medium term.
- Inflation: projected at above the 4 percent upper target bound in 2018; projected to stay in the upper half of the target band during 2019–2020.
- Current account: projected deficit remains manageable and is projected to be financed largely by foreign direct investment.
Report metadata
- Pages: 67
- Volume: 2018
- Issue: 287
- Series: Country Report No. 2018/287
- DOI: https://doi.org/10.5089/9781484378588.002
- Stock No: 1PHLEA2018001
- ISBN: 9781484378588
- ISSN: 1934-7685
International Monetary Fund. Philippines: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Philippines
Content in this bundle
- Country Report