{
  "title": "Philippines: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Philippines",
  "publication": "IMF Staff Country Reports, September 27, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/09/27/philippines-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46278",
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  "summary": "This 2018 Article IV Consultation highlights that the economy of The Philippines continues to perform well but is facing new challenges. Real GDP growth is projected to grow strongly in 2018 and 2019, supported by domestic demand.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The economy of The Philippines continues to perform well but is facing new challenges.\n- Short-term risks have risen, while the medium-term economic outlook remains favorable.\n- Subjects covered: Central bank policy rate, Economic and financial statistics, Financial services, Government finance statistics, Inflation, Infrastructure, National accounts, Prices.\n- 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."
    },
    {
      "heading": "Key findings",
      "content": "- Real GDP growth is projected to grow strongly in 2018 and 2019, supported by domestic demand.\n- Real GDP growth is projected at just under 7 percent over the medium term.\n- Inflation has risen.\n- 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.\n- Poverty and inequality challenges remain.\n- External uncertainty has increased.\n- The current account deficit is projected to remain manageable, financed largely by foreign direct investment."
    },
    {
      "heading": "Projections and outlook",
      "content": "- Real GDP growth: projected to grow strongly in 2018 and 2019; projected at just under 7 percent over the medium term.\n- 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.\n- Current account: projected deficit remains manageable and is projected to be financed largely by foreign direct investment."
    },
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      "heading": "Report metadata",
      "content": "- Pages: 67\n- Volume: 2018\n- Issue: 287\n- Series: Country Report No. 2018/287\n- DOI: https://doi.org/10.5089/9781484378588.002\n- Stock No: 1PHLEA2018001\n- ISBN: 9781484378588\n- ISSN: 1934-7685\n\nInternational Monetary Fund. Philippines: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Philippines\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 27, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484378588.002",
    "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.",
    "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.",
    "Poverty and inequality challenges remain.",
    "External uncertainty has increased.",
    "The current account deficit is projected to remain manageable, financed largely by foreign direct investment.",
    "Real GDP growth: projected to grow strongly in 2018 and 2019; projected at just under 7 percent over the medium term.",
    "Current account: projected deficit remains manageable and is projected to be financed largely by foreign direct investment.",
    "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",
    "**Country Report**"
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