Philippines: Selected Issues

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Volume/Issue: Volume 2007 Issue 131
Publication date: March 2007
ISBN: 9781451831405
$20.00
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English
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Money and Monetary Policy , Taxation - General , Service , ISCR , CR , bank , spending , Philippines , lending , investment ratio , service sector share , BPO industry , balance sheet variable , bank asset quality , role balance sheet problem , consumption-investment decision , Personal income , Value-added tax , Services sector , Financial statements , Bank credit , Global

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Grenada
Nepal
Republic of Congo : 2001 Article IV
Summary

This Selected Issues paper highlights the Philippine growth performance led by the services sector. Average GDP growth is higher in the post-Asian crisis period in the Philippines, while the majority of the Philippines’s regional peers have experienced substantially lower growth in the post-Asian crisis period compared with the pre-crisis period. Trade and transport, storage, and communications services have been growth drivers while private and financial services have started to add new momentum. Various transfer programs are identified that would be much better targeted than across-the-board energy tax cuts.

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