{
  "title": "Philippines: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Philippines",
  "publication": "IMF Staff Country Reports, September 26, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/philippines-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44295",
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  "summary": "This 2016 Article IV Consultation highlights that the Philippine economy has continued to perform strongly. Real GDP regained strength from a slowdown in mid-2015 to record a robust 5.9 percent growth rate in 2015 and 6.9 percent in the first half of 2016.",
  "publishDate": "2016-09-26",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Economic performance (findings)",
      "content": "- Real GDP growth: \"5.9 percent\" in 2015.\n- Real GDP growth: \"6.9 percent\" in the first half of 2016.\n- Drivers: both consumption and investment grew rapidly.\n- External sector: net exports were held back by weak external demand.\n- Unemployment rate: declined to \"6.3 percent\" in 2015.\n- Unemployment rate: \"6.0 percent\" in the first half of 2016."
    },
    {
      "heading": "Outlook and projections",
      "content": "- Real GDP growth expected at \"6.4 percent\" in 2016.\n- Real GDP growth expected at \"6.7 percent\" in 2017.\n- Basis for outlook: continued robust domestic demand and a modest recovery in exports.\n- External environment: outlook remains favorable despite external headwinds."
    },
    {
      "heading": "Report metadata and scope",
      "content": "- Subject coverage: Credit, Expenditure, Infrastructure, Money, National accounts, Public debt, Public financial management (PFM).\n- Keywords: break, CR, Credit, debt, frontline service, Global, government, government process, IMF staff projection, Infrastructure, infrastructure project, ISCR, monetary policy transmission, Philippine authorities.\n- Publication Details:\n  - Pages: \"78\"\n  - Volume: \"2016\"\n  - Issue: \"309\"\n  - Series: \"Country Report No. 2016/309\"\n  - DOI: \"https://doi.org/10.5089/9781475541076.002\"\n  - Stock No: \"1PHLEA2016001\"\n  - ISBN: \"9781475541076\"\n  - ISSN: \"1934-7685\"\n\nInternational Monetary Fund. Philippines: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Philippines (September 26, 2016).\n\n---\n\n Content in this bundle\n\n- cr16309\n  - cr16309 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16309 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/philippines-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44295"
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    "Published: September 26, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475541076.002",
    "Real GDP growth: \"5.9 percent\" in 2015.",
    "Real GDP growth: \"6.9 percent\" in the first half of 2016.",
    "Drivers: both consumption and investment grew rapidly.",
    "External sector: net exports were held back by weak external demand.",
    "Unemployment rate: declined to \"6.3 percent\" in 2015.",
    "Unemployment rate: \"6.0 percent\" in the first half of 2016.",
    "Real GDP growth expected at \"6.4 percent\" in 2016.",
    "Real GDP growth expected at \"6.7 percent\" in 2017.",
    "Basis for outlook: continued robust domestic demand and a modest recovery in exports.",
    "External environment: outlook remains favorable despite external headwinds.",
    "Subject coverage: Credit, Expenditure, Infrastructure, Money, National accounts, Public debt, Public financial management (PFM).",
    "Keywords: break, CR, Credit, debt, frontline service, Global, government, government process, IMF staff projection, Infrastructure, infrastructure project, ISCR, monetary policy transmission, Philippine authorities.",
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