## Philippines: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Philippines

_IMF Staff Country Reports, September 26, 2016_

## Source details

**Canonical URL:** [Philippines: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Philippines](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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## Bibliographic details
- Published: September 26, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475541076.002

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### Economic performance (findings)
- 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.

### Outlook and projections
- 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.

### Report metadata and scope
- 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.
- Publication Details:
  - Pages: "78"
  - Volume: "2016"
  - Issue: "309"
  - Series: "Country Report No. 2016/309"
  - DOI: "https://doi.org/10.5089/9781475541076.002"
  - Stock No: "1PHLEA2016001"
  - ISBN: "9781475541076"
  - ISSN: "1934-7685"

*International Monetary Fund. Philippines: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Philippines (September 26, 2016).*

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_Source: 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_