Philippines: Staff Report for the 2011 Article IV Consultation

International Monetary Fund

No 2012/049, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2011 Article IV Consultation reports that the Philippines is being affected along with other countries in the region by the fragile global environment. The key challenge is to navigate through the period of global uncertainty to maintain macroeconomic stability while building the foundations for faster and more inclusive growth. Domestic demand should support growth in 2012, as public spending picks up after a sharp decline in 2011, and IMF staff expects growth to rise from 3.7 percent in 2011 to 4.2 percent in 2012.

Keywords: ISCR; CR; headline inflation; reserve requirement ratio; growth; GDP; Philippines; inflation outlook; inflation pressure; national budget; Public sector; Global (search for similar items in EconPapers)
Pages: 64
Date: 2012-03-05
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