Philippines : 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Philippines

1PHLEA2009001 Image
Price:  $18.00

Release Date: © February, 2009
ISBN : 978-1-45183-143-6
Stock #: 1PHLEA2009001
Stock Status: On back-order

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The staff report for the Philippines’ 2008 Article IV Consultation is focused on economic developments and policies. A deepening of the global economic downturn presents downside risks to this outlook. Inflation is expected to reach 9½ percent in 2008 and decline to 6 percent in 2009, led by a decline in commodity prices and weaker demand. Bank surveillance has been strengthened and steps have been taken to reduce risks related to off-balance sheet activities.


Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , Inflation , Monetary policy

More publications in this series: IMF Staff Country Reports