Philippines Quarterly Update, June 2011

World Bank

Philippines Quarterly Update, June 2011

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

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D'autres materias

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

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anglais

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http://hdl.handle.net/10986/27798

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Philippines Quarterly Update, June 2011

2011

Mots clés AGROVOC

Informations bibliographiques