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Philippines Recent Economic Developments

This paper reviews economic developments in the Philippines during 1990–95. By 1994, all the elements for a strong recovery had finally fallen into place. Gross National Product (GNP) growth accelerated to 5 percent, fueled by a strong performance of investment and export-oriented manufacturing. Bas...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1995
Series:IMF Staff Country Reports
Subjects:
Finance, Public
Depository Institutions
Public-private Enterprises
Tariff
Tariffs
Banks
International Trade Organizations
Public Finance & Taxation
Banks And Banking
Public Enterprises
Taxes
Public Sector
Trade Policy
Micro Finance Institutions
Trade: General
Exports And Imports
Mortgages
Economic Sectors
International Economics
International Lending And Debt Problems
Debts, External
External Debt
National Government Expenditures And Related Policies: General
Expenditure
International Trade
Expenditures, Public
Civil Service & Public Sector
Macroeconomics
Banking
Taxation
Public Finance
Imports
Philippines
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper reviews economic developments in the Philippines during 1990–95. By 1994, all the elements for a strong recovery had finally fallen into place. Gross National Product (GNP) growth accelerated to 5 percent, fueled by a strong performance of investment and export-oriented manufacturing. Based on this favorable composition of growth, and a near 50 percent increase in remittances, the balance of payments improved. In stark contrast to the earlier recovery, the current account deficit narrowed by 1 percentage point to 4½ percent of GNP.
Physical Description:90 pages
ISBN:9781451831191

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