Philippines Quarterly Update, June 2011

World Bank

Philippines Quarterly Update, June 2011 | Generating More Inclusive Growth

2011

World Bank

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.

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accounting agriculture balance of payments capital formation consumers developing countries economic growth expenditure exports external debt financial market food prices food products food security growth rate household income human capital income tax inflation interest rates international trade liquidity living standards local government maturity national income natural disasters poverty reduction private investment productivity public works real estate remittances returns rural areas rural poverty savings side effects stock exchange stock market stocks targeting unemployment volatility wages wholesale prices

Información bibliográfica

Editorial

Manila

Otras materias

Rural income; Sovereign ratings; Financial system; Dollar bonds; Fiscal policy; Export growth; Inflation expectation; Portfolio investment; Income inequality; Reserve requirement; Food expenditures; Consumer spending; Economic expansion; Government securities; Income level; Recession; Household per capita income; Poverty dynamics; Financial market participants; Public sector debt; Structural reforms; Banking industries; Debt maturity; Equity market; Fiscal deficit; Exposure; Low interest rates; Income levels; Secondary trading; Oil prices; Poor households; Investor confidence; Agricultural incomes; Emerging market investments; Food items; Net exports; Foreign investments; Poor people; Trade deficit; Capital inflows; Market performance; Negative externalities; Financial crisis; Yield curve; Current account balance; Tax; Inflation rate; Economic developments; Domestic liquidity; Basis points; International poverty line; Tax collection; Global bonds; Productivity growth; Agricultural yields; Inflationary pressures; Issuance; Commodity prices; Debt ratios; International reserves; Poverty incidence; Food needs; Inflation expectations; Forecasts; Portfolio; Compliance costs; Capital outlays; Outsourcing; Per capita income; Tax system; Poor families; Tax expenditures; Human capital endowments; Commodity; Commodity price; Poor; Net capital; Government spending; Treasury; Expansionary fiscal policy; Global trade; Trade sector; Cost assumptions; Interest payments; Poverty rates; Return; Derivatives; Monetary policy; Fiscal consolidation; Investor behavior; Durable equipment; Foreign exchange; Foreign exchange reserves; Tax policy; Poverty estimates; Poverty line; Red tape; Rural; Unemployment rate; Sovereign debt; Domestic interest rates; Foreign portfolio; Household survey; Poverty profile; Coupon; Financial management; Federal reserve; Investment climate; Benchmark; Foreign debts; Poverty linkages; Short-term debt; Overseas debt; Deposit; Base year; Income groups; Household incomes; Household head; Current account surplus; Transparency; Debt stock; Poverty lines; Poverty threshold; Political unrest; Remittance; Emerging market; Financial inflows; Leading indicators; Tax rate; Issuances; Per capita incomes; Deficits; Good governance; Poverty gap; Damages; Emerging markets; Poverty reducing; Food price; Cash transfer; Financial derivatives; Exchange rates; Financial markets; Capacity constraints; Trade balance; Indexation; Income taxes; Durable; Personal income; Wage growth; Public-private partnership; Bank lending; Emerging economies; Labor market; Inflation target; Debt level; Foreign direct investment; Agricultural employment; Price increases; Income dynamics; Deposit accounts; Foreign currency; Gdp; Labor markets; Tax incentives; Trade finance; Government bonds; Job creation; Global economic prospects; Real gdp; Rural poverty incidence; Portfolio inflows; Employment in agriculture; Government expenditures; Inventory; Output; Public spending; Inflation targeting; Debt ratio; Rural area; Specific taxes; Asset purchase; Reserve; Government budget; Poverty severity; Purchasing power

Idioma

Inglés

Formato

application/pdf, text/plain

Licencia

CC BY 3.0 IGO, http://creativecommons.org/licenses/by/3.0/igo, World Bank

Tipo

Report; Report; Report

En AGRIS desde: 2024-10-18

Fecha de modificación: 2025-10-25

Formato: Dublin Core

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Este registro bibliográfico ha sido proporcionado por World Bank

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Enlaces

DOI http://documents.worldbank.org/curated/en/668571468295233275/Philippines-quarterly-update-generating-more-inclusive-growth https://hdl.handle.net/10986/27798

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Philippines Quarterly Update, June 2011 | Generating More Inclusive Growth

2011

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