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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Philippines  |b Recent Economic Developments 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1995 
300 |a 90 pages 
651 4 |a Philippines 
653 |a Finance, Public 
653 |a Depository Institutions 
653 |a Public-Private Enterprises 
653 |a Tariffs 
653 |a Tariff 
653 |a Banks 
653 |a International Trade Organizations 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Public Enterprises 
653 |a Taxes 
653 |a Public sector 
653 |a Trade Policy 
653 |a Micro Finance Institutions 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a Mortgages 
653 |a International Lending and Debt Problems 
653 |a International economics 
653 |a Economic sectors 
653 |a External debt 
653 |a Debts, External 
653 |a National Government Expenditures and Related Policies: General 
653 |a Expenditure 
653 |a International trade 
653 |a Banks and Banking 
653 |a Expenditures, Public 
653 |a Civil service & public sector 
653 |a Macroeconomics 
653 |a Banking 
653 |a Taxation 
653 |a Public Finance 
653 |a Imports 
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520 |a 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.