Philippines Quarterly Update, June 2011 : Generating More Inclusive Growth

The Philippines quarterly update provides an update on key economic developments and policies over the past three months. It also presents findings from recent World Bank work on the Philippines. It places them in a longer-term and global context,...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Manila 2017
Subjects:	ACCOUNTING AGRICULTURAL EMPLOYMENT AGRICULTURAL INCOMES AGRICULTURAL YIELDS AGRICULTURE ASSET PURCHASE BALANCE OF PAYMENTS BANK LENDING BANKING INDUSTRIES BASE YEAR BASIS POINTS BENCHMARK CAPACITY CONSTRAINTS CAPITAL FORMATION CAPITAL INFLOWS CAPITAL OUTLAYS CASH TRANSFER COMMODITY COMMODITY PRICE COMMODITY PRICES COMPLIANCE COSTS CONSUMER SPENDING CONSUMERS COST ASSUMPTIONS COUPON CURRENT ACCOUNT BALANCE CURRENT ACCOUNT SURPLUS DAMAGES DEBT LEVEL DEBT MATURITY DEBT RATIO DEBT RATIOS DEBT STOCK DEFICITS DEPOSIT DEPOSIT ACCOUNTS DERIVATIVES DEVELOPING COUNTRIES DOLLAR BONDS DOMESTIC INTEREST RATES DOMESTIC LIQUIDITY DURABLE DURABLE EQUIPMENT ECONOMIC DEVELOPMENTS ECONOMIC EXPANSION ECONOMIC GROWTH EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET INVESTMENTS EMERGING MARKETS EMPLOYMENT IN AGRICULTURE EQUITY MARKET EXCHANGE RATES EXPANSIONARY FISCAL POLICY EXPENDITURE EXPORT GROWTH EXPORTS EXPOSURE EXTERNAL DEBT FEDERAL RESERVE FINANCIAL CRISIS FINANCIAL DERIVATIVES FINANCIAL INFLOWS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL SYSTEM FISCAL CONSOLIDATION FISCAL DEFICIT FISCAL POLICY FOOD EXPENDITURES FOOD ITEMS FOOD NEEDS FOOD PRICE FOOD PRICES FOOD PRODUCTS FOOD SECURITY FORECASTS FOREIGN CURRENCY FOREIGN DEBTS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTMENTS FOREIGN PORTFOLIO GDP GLOBAL BONDS GLOBAL ECONOMIC PROSPECTS GLOBAL TRADE GOOD GOVERNANCE GOVERNMENT BONDS GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT SECURITIES GOVERNMENT SPENDING GROWTH RATE HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD PER CAPITA INCOME HOUSEHOLD SURVEY HUMAN CAPITAL HUMAN CAPITAL ENDOWMENTS INCOME DYNAMICS INCOME GROUPS INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INCOME TAX INCOME TAXES INDEXATION INFLATION INFLATION EXPECTATION INFLATION EXPECTATIONS INFLATION RATE INFLATION TARGET INFLATION TARGETING INFLATIONARY PRESSURES INTEREST PAYMENTS INTEREST RATES INTERNATIONAL POVERTY LINE INTERNATIONAL RESERVES INTERNATIONAL TRADE INVENTORY INVESTMENT CLIMATE INVESTOR BEHAVIOR INVESTOR CONFIDENCE ISSUANCE ISSUANCES JOB CREATION LABOR MARKET LABOR MARKETS LEADING INDICATORS LIQUIDITY LIVING STANDARDS LOCAL GOVERNMENT LOW INTEREST RATES MARKET PERFORMANCE MATURITY MONETARY POLICY NATIONAL INCOME NATURAL DISASTERS NEGATIVE EXTERNALITIES NET CAPITAL NET EXPORTS OIL PRICES OUTPUT OUTSOURCING OVERSEAS DEBT PER CAPITA INCOME PER CAPITA INCOMES PERSONAL INCOME POLITICAL UNREST POOR POOR FAMILIES POOR HOUSEHOLDS POOR PEOPLE PORTFOLIO PORTFOLIO INFLOWS PORTFOLIO INVESTMENT POVERTY DYNAMICS POVERTY ESTIMATES POVERTY GAP POVERTY INCIDENCE POVERTY LINE POVERTY LINES POVERTY LINKAGES POVERTY PROFILE POVERTY RATES POVERTY REDUCING POVERTY REDUCTION POVERTY SEVERITY POVERTY THRESHOLD PRICE INCREASES PRIVATE INVESTMENT PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC SECTOR DEBT PUBLIC SPENDING PUBLIC WORKS PUBLIC-PRIVATE PARTNERSHIP PURCHASING POWER REAL ESTATE REAL GDP RECESSION RED TAPE REMITTANCE REMITTANCES RESERVE RESERVE REQUIREMENT RETURN RETURNS RURAL RURAL AREA RURAL AREAS RURAL INCOME RURAL POVERTY RURAL POVERTY INCIDENCE SAVINGS SECONDARY TRADING SHORT-TERM DEBT SIDE EFFECTS SOVEREIGN DEBT SOVEREIGN RATINGS SPECIFIC TAXES STOCK EXCHANGE STOCK MARKET STOCKS STRUCTURAL REFORMS TARGETING TAX TAX COLLECTION TAX EXPENDITURES TAX INCENTIVES TAX POLICY TAX RATE TAX SYSTEM TRADE BALANCE TRADE DEFICIT TRADE FINANCE TRADE SECTOR TRANSPARENCY TREASURY UNEMPLOYMENT UNEMPLOYMENT RATE VOLATILITY WAGE GROWTH WAGES WHOLESALE PRICES YIELD CURVE
Online Access:	http://documents.worldbank.org/curated/en/668571468295233275/Philippines-quarterly-update-generating-more-inclusive-growth http://hdl.handle.net/10986/27798

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Summary:	The Philippines quarterly update provides an update on key economic developments and policies over the past three months. It also presents findings from recent World Bank work on the Philippines. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy for the outlook for the Philippines. Its coverage ranges from the macro-economy to financial markets to indicators of human welfare and development. It is intended for a wide audience, including policy makers, business leaders, financial market participants, and the community of analysts and professionals engaged in the Philippines. Though the revised gross domestic product (GDP) growth estimates show small deviation from the old base year and methodology, the revision has resulted in a nominal GDP which is 6 percent larger and hence, lower fiscal statistics as a percentage of GDP (e.g., lower tax effort, but improved debt ratio), but also important sectoral growth changes. Investment is now noticeably higher due to improved coverage and transfer of items previously booked under consumption (e.g., military goods) the investment-to-GDP ratio in 2010 is now 20.5 percent instead of 15.6 percent. The demand side growth continues to post a remarkable uptick in investment. Investment grew by 37 percent year-on-year and contributed 6.8 percentage points to GDP growth, mostly driven by durable equipment and private construction. Private construction grew by 22 percent, albeit at a slower pace than the preceding three quarters, and compensated for the contraction in public construction which shrank by 37.3 percent due to continued fiscal tightening and a high base effect. Investment in durable equipment grew 17 percent with the building up of inventory in industrial machineries and road vehicles.

Philippines Quarterly Update, June 2011 : Generating More Inclusive Growth

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