IMF Staff Country Reports

Philippines : 2019 Article IV Consultation-Press Release; and Staff Report

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

February 6, 2020

Electronic Access:

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Summary:

Economic performance remains strong. Growth regained momentum in the second half of 2019 following a slowdown in the first half. The latter primarily reflected budgetary developments, with some temporary government underspending in the early part of the year. A decisive monetary policy tightening in response to the inflation spike and overheating risks in 2018, and weaker external demand also contributed. The structural reform momentum and infrastructure push remain strong.

Series:

Country Report No. 20/36

Subject:

Balance of payments Economic indicators Financial statistics National accounts Real sector