Hidden Bibliographic Details
| Varying Form of Title: | Philippines, 2010 Article IV consultation
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| Other authors / contributors: | International Monetary Fund, issuing body.
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| ISBN: | 1283567423
9781283567428
9781455299638
1455299634
9781455219964
1455219967
1455262307
9781455262304
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| Notes: | Online resource; title from PDF title page (IMF Web site, viewed June 24, 2011).
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| Summary: | 1. The Philippine economy is poised at a key moment as the recovery from the global downturn and positive sentiment in the country provide a window of opportunity for moving ahead decisively with reforms to raise inclusive growth. After slowing sharply in 2009, economic growth recovered to 7 1/2 percent (year/year) during the first three quarters of 2010. The smooth passage of the presidential and legislative elections in May 2010 and transition to a new administration in July 2010, as well as the government's resolve to address longstanding impediments to investment and growth, have buoyed confidence. Meanwhile, inflation has remained low and burgeoning external inflows have contributed to a sizable balance of payments surplus. In November 2010, Standard and Poor's upgraded to BB its rating of Philippine long-term foreign currency debt in recognition of the country's stronger financial position.
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| Standard no.: | 10.5089/9781455262304.002
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