Philippines Quarterly Update, January 2011

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dc.creatorWorld Bank
dc.date2017-06-16T16:32:30Z
dc.date2017-06-16T16:32:30Z
dc.date2011-01
dc.date.accessioned2026-07-01T01:07:02Z
dc.descriptionFollowing a slowdown during the global financial crisis in 2009, the Philippine economy roared back in 2010, with Gross Domestic Product (GDP) growth rates not seen in over 30 years. On the demand side, private consumption, investment, and net exports were the main drivers of growth. On the supply side, industry and services propelled the economy. The external position continued to strengthen, thanks to a consistently strong current account and, more recently, by improvements in the capital and financial account. Dollar remittances grew progressively faster throughout 2010. Labor market conditions improved, but unemployment remains high, contributing to strong OFW deployment. Growth is expected to normalize around its potential output in 2011 as the technical and temporary factors that generated record growth in 2010 disappear. Among its first actions in office, the Aquino government carried out a comprehensive assessment of fiscal risks and published a Fiscal Risk Statement (FRS). Experience reveals that FRSs can yield important benefits, including lower and better, managed risks, improved policies, and lower financing costs. Historically, the Philippines have been exposed to considerable fiscal risks, in part reflecting important weaknesses in public financial management and resulting in large fiscal costs. While fiscal risks have abated, they still remain sizeable in the Philippines. To improve its risk management, the government is pursuing a program of institutional capacity building.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/229631468294319114/Philippines-quarterly-update-robust-growth-stubborn-poverty
dc.identifierhttps://hdl.handle.net/10986/27243
dc.identifierhttps://doi.org/10.1596/27243
dc.identifier.urihttp://hdl.handle.net/123456789/415341
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Manila
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectACCOUNTING
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURE
dc.subjectBAILOUT
dc.subjectBALANCE OF PAYMENT
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK BALANCE SHEETS
dc.subjectBANK LENDING
dc.subjectBANKING SYSTEM
dc.subjectBASE YEAR
dc.subjectBASIS POINTS
dc.subjectBENCHMARK
dc.subjectBENCHMARK BONDS
dc.subjectBENCHMARKS
dc.subjectBOND ISSUANCE
dc.subjectBOND RATINGS
dc.subjectBOND SWAP
dc.subjectBONDS
dc.subjectBUDGET DEFICIT
dc.subjectBUDGETING
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL OUTLAYS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCASH TRANSFER
dc.subjectCASH TRANSFERS
dc.subjectCDS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOMPARABLE MATURITY
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPARATIVE ADVANTAGES
dc.subjectCOMPETITIVENESS
dc.subjectCOMPLIANCE COST
dc.subjectCONSUMERS
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTINGENT LIABILITY
dc.subjectCORPORATE INCOME TAXES
dc.subjectCOUPON
dc.subjectCOUPON RATES
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULT SWAPS
dc.subjectCREDIT QUALITY
dc.subjectCREDIT RATING
dc.subjectCURRENCY
dc.subjectCURRENCY RISK
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectDATED SECURITIES
dc.subjectDEBT CONSOLIDATION
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT SERVICE
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT BANK
dc.subjectDISABILITY PENSION
dc.subjectDISBURSEMENT
dc.subjectDOMESTIC BOND
dc.subjectDOMESTIC BOND MARKET
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC INTEREST RATES
dc.subjectDOMESTIC LIQUIDITY
dc.subjectDOMESTIC MARKET
dc.subjectDURABLE
dc.subjectDURABLE EQUIPMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC OUTLOOK
dc.subjectELASTICITY
dc.subjectEMERGING MARKETS
dc.subjectEQUITIES
dc.subjectEQUITY INDEX
dc.subjectEQUITY MARKET
dc.subjectEQUITY MARKETS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXPORTER
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKET PARTICIPANTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SHOCKS
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFOOD PRICES
dc.subjectFORECASTS
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN EXCHANGE TRANSACTIONS
dc.subjectFOREIGN INVESTMENT
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL BOND
dc.subjectGLOBAL BONDS
dc.subjectGLOBAL MARKET
dc.subjectGOVERNMENT BOND
dc.subjectGOVERNMENT BOND YIELDS
dc.subjectGOVERNMENT BORROWING
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT GUARANTEES
dc.subjectGOVERNMENT SECURITIES
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectHORIZONTAL EQUITY
dc.subjectHOUSEHOLD INCOME
dc.subjectHUMAN CAPITAL
dc.subjectIMPORT
dc.subjectIMPORT GROWTH
dc.subjectINCOME TAX
dc.subjectINCOME TAXES
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION RISKS
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINTEREST PAYMENTS
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL MARKET
dc.subjectINVENTORIES
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTOR CONFIDENCE
dc.subjectISSUANCE
dc.subjectISSUANCES
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLEADING INDICATORS
dc.subjectLEASE AGREEMENTS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL SYSTEM
dc.subjectLIABILITY
dc.subjectLIABILITY MANAGEMENT
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOCAL BANKS
dc.subjectLOCAL CURRENCIES
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL MARKET
dc.subjectLONG-TERM LOANS
dc.subjectLONG-TERM OBLIGATIONS
dc.titlePhilippines Quarterly Update, January 2011
dc.titleRobust Growth, Stubborn Poverty
dc.typeReport
dc.typeRapport
dc.typeInforme

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