## Philippines: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Philippines

_IMF Staff Country Reports, September 27, 2018_

## Source details

**Canonical URL:** [Philippines: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Philippines](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/09/27/philippines-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46278/index.md)
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## Bibliographic details
- Published: September 27, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484378588.002

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### 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*

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## Content in this bundle

- **Country Report**
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  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18287.pdf){rel="external" type="application/pdf"}

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_Source: 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_