Philippines: Selected Issues

June 22, 1998

Preview Citation

Format: Chicago

Philippines: Selected Issues, (USA: International Monetary Fund, 1998) accessed September 19, 2024

Summary

This Selected Issues paper reviews the economic development in the Philippines during the 1990s. Growth, which virtually came to a halt in the early 1990s, picked up in 1993 and accelerated steadily to almost 7 percent by end-1996, fueled by an expansion in exports and investment. At the same time, the fiscal position strengthened, inflation was successfully brought down to single digits, and with large capital inflows, particularly in 1996, gross international reserves rose to record levels. This reversal of economic fortunes was largely the result of major reforms undertaken in the past decade.

Subject: Income distribution, Inflation, Inflation targeting, Monetary policy, National accounts, Personal income, Poverty, Prices

Keywords: Cost of capital, CR, Distribution in the Philippines, East Asia, Gini coefficient, Government expenditure, Income distribution, Income distribution, Inflation, Inflation targeting, ISCR, Personal income, Poverty incidence

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1998/049
Stock No:

1PHLEA0011998
ISBN:

9781451831214
ISSN:

1934-7685

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