Publication:
Philippine Economic Update : Pursuing Inclusive Growth through Sustainable Reconstruction and Job Creation

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dc.contributor.authorWorld Bank
dc.date.accessioned2014-09-11T14:07:50Z
dc.date.available2014-09-11T14:07:50Z
dc.date.issued2014-03
dc.description.abstractDespite typhoon Yolanda and a string of natural disasters throughout 2013, Philippine economic growth accelerated to 7.2 percent in 2013. Higher growth was underpinned by the robust performance of consumption and services, and supported by the expansion of investments and manufacturing. Like other emerging markets, Philippine financial markets experienced large volatilities as investors responded to the tapering of the United States (U.S.) stimulus program. Monetary and fiscal policy remained supportive of growth. Amid the challenging global environment and the impact of typhoon Yolanda, the Philippines are likely to sustain high growth in the medium-term. Risks to growth include a slower global recovery, financial market volatilities following the tapering of the U.S. stimulus program, potential bubbles in the real estate sector, slower post-typhoon reconstruction, and domestic reform lags. The government responded quickly to the typhoon by rolling out immediate humanitarian aid and preparing the reconstruction assistance on Yolanda (RAY), a strategic plan to guide recovery and reconstruction in the affected areas. The Philippines will also need to prepare more broadly for the increased risk of disasters brought about by climate change. The Philippine economic update provides an update on key economic and social developments, and policies over the past six months. It also presents findings from recent World Bank studies on the Philippines.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/03/20148089/philippine-economic-update-pursuing-inclusive-growth-through-sustainable-reconstruction-job-creation
dc.identifier.doi10.1596/20066
dc.identifier.urihttps://hdl.handle.net/10986/20066
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectADVANCED ECONOMIES
dc.subjectAGRICULTURE
dc.subjectALTERNATIVE FUNDING
dc.subjectARBITRAGE
dc.subjectASSET PRICES
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEETS
dc.subjectBANK DEPOSIT
dc.subjectBANK DEPOSITS
dc.subjectBANK LENDING
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBASIS POINTS
dc.subjectBENCHMARK
dc.subjectBENCHMARK BONDS
dc.subjectBID
dc.subjectBOND
dc.subjectBOND PRICE
dc.subjectBOND PRICES
dc.subjectBONDS
dc.subjectBORROWING COSTS
dc.subjectBROKERS
dc.subjectBUDGET DEFICIT
dc.subjectBUSINESS CYCLE
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCASH TRANSFER
dc.subjectCENTRAL BANK
dc.subjectCLEAN WATER
dc.subjectCOMMERCIAL BANKING
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER EXPECTATIONS
dc.subjectCONSUMER GOODS
dc.subjectCREDIT CARDS
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT GROWTH
dc.subjectCREDIT RATING
dc.subjectCREDIT RISK
dc.subjectCRITICAL INFRASTRUCTURE
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectDAMAGES
dc.subjectDEBT BURDEN
dc.subjectDEBT CONSOLIDATION
dc.subjectDEBT LEVELS
dc.subjectDEBT STOCK
dc.subjectDEFICITS
dc.subjectDEPOSIT
dc.subjectDEPOSIT ACCOUNTS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISBURSEMENTS
dc.subjectDIVIDENDS
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC MARKET
dc.subjectDURABLE
dc.subjectDURABLE EQUIPMENT
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC GROWTH
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKETS
dc.subjectEQUITY CAPITAL
dc.subjectEXCHANGE RATE
dc.subjectEXCISE TAXES
dc.subjectEXPENDITURE
dc.subjectEXPORT GROWTH
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXPOSURE
dc.subjectEXTERNAL DEBT
dc.subjectFINANCE CORPORATION
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKET PARTICIPANTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL RISKS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFISCAL POLICY
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFLOW STATISTICS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN PORTFOLIO INVESTMENTS
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNMENT ASSETS
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT FINANCES
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT SPENDING
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH PROJECTIONS
dc.subjectGROWTH RATES
dc.subjectHOLDING
dc.subjectHOUSEHOLD INCOME
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME TAXES
dc.subjectINCOMES
dc.subjectINDUSTRIALIZATION
dc.subjectINFLATION
dc.subjectINFLATION TARGET
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSURANCE
dc.subjectINSURANCES
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE DIFFERENTIALS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL STANDARD
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT SPENDING
dc.subjectISSUANCE
dc.subjectJOB CREATION
dc.subjectLACK OF COLLATERAL
dc.subjectLEGAL PROTECTION
dc.subjectLIABILITY
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN PORTFOLIO
dc.subjectLOCAL ECONOMIES
dc.subjectLOCAL ECONOMY
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectLONG-TERM LOANS
dc.subjectLOW INTEREST RATE
dc.subjectLOW INTEREST RATES
dc.subjectM3
dc.subjectMANUFACTURING INDUSTRIES
dc.subjectMARKET ASSETS
dc.subjectMARKET VOLATILITIES
dc.subjectMARKET VOLATILITY
dc.subjectMATURITY
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectMONEY SUPPLY
dc.subjectMULTIPLIER EFFECT
dc.subjectMULTIPLIER EFFECTS
dc.subjectNATURAL DISASTERS
dc.subjectNET EXPORTS
dc.subjectNONPERFORMING LOANS
dc.subjectOIL PRICES
dc.subjectOUTPUT
dc.subjectOUTSOURCING
dc.subjectPHYSICAL ASSETS
dc.subjectPLEDGES
dc.subjectPOLITICAL STABILITY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INFLOWS
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPORTFOLIO INVESTMENTS
dc.subjectPORTFOLIOS
dc.subjectPRINCIPAL PAYMENTS
dc.subjectPRIVATE INVESTMENT
dc.subjectPROBABILITY OF DEFAULTS
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC SPENDING
dc.subjectRAPID GROWTH
dc.subjectREAL ESTATE
dc.subjectREAL ESTATE LENDING
dc.subjectREMITTANCE
dc.subjectREMITTANCE SERVICES
dc.subjectREMITTANCES
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRISK DIVERSIFICATION
dc.subjectRISK MANAGEMENT
dc.subjectRISK REDUCTION
dc.subjectSAFETY NETS
dc.subjectSAVINGS
dc.subjectSAVINGS CAPACITY
dc.subjectSHORT-TERM CAPITAL
dc.subjectSOCIAL DEVELOPMENTS
dc.subjectSOCIAL SAFETY NETS
dc.subjectSPOT MARKET
dc.subjectSTATIC ANALYSIS
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET INDEX
dc.subjectSTOCK MARKETS
dc.subjectSTOCKS
dc.subjectSUPERVISORY AUTHORITY
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectT-BILL
dc.subjectT-BILL RATE
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX COLLECTIONS
dc.subjectTAX INCENTIVES
dc.subjectTAX POLICY
dc.subjectTAX RATES
dc.subjectTAX REVENUES
dc.subjectTAX SYSTEM
dc.subjectTRADE DEFICIT
dc.subjectTRADING
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BILL
dc.subjectTREASURY BILL RATES
dc.subjectTROUGH
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectVALUE ADDED
dc.subjectVOLATILITIES
dc.subjectVOLATILITY
dc.subjectWAGES
dc.subjectWHOLESALE MARKET
dc.subjectWITHDRAWAL
dc.subjectWITHHOLDING TAX
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titlePhilippine Economic Update : Pursuing Inclusive Growth through Sustainable Reconstruction and Job Creationen
dspace.entity.typePublication
okr.date.disclosure2014-08-27
okr.date.doiregistration2025-05-07T10:00:09.500286Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/2014/03/20148089/philippine-economic-update-pursuing-inclusive-growth-through-sustainable-reconstruction-job-creation
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid611711468332662392
okr.identifier.externaldocumentum000442464_20140827103722
okr.identifier.internaldocumentum20148089
okr.identifier.report83315
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/08/27/000442464_20140827103722/Rendered/PDF/833150WP0Box380ic0Update0March02014.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryPhilippines
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitMacro & Fiscal Mgmt - GP (GMFDR)
okr.volume1 of 1
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