Publication:
Philippines Quarterly Update, December 2011: Sustaining Growth in Uncertain Times

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2017-05-22T16:41:19Z
dc.date.available2017-05-22T16:41:19Z
dc.date.issued2011-12
dc.description.abstractAfter a strong rebound in 2010, Philippine economic growth slowed by more than half to 3.6 percent in the first three quarters of 2011. Slower third quarter (Q3) growth of 3.2 percent was the result of significant contractions in exports and public investment. The contraction in exports largely reflected weaker demand in advanced economies while public investments continued to shrink in part because of measures to improve accountability of public spending. On the production side, industrial and agricultural activities were sluggish, leaving the services sector to buoy growth. To improve growth outcome in the remainder of the year, the government announced a PHP 72 billion (about 0.7 percent of GDP) disbursement acceleration plan to ensure that budgeted items are spent by year end. After a strong rebound in 2010, Philippine economic growth slowed by more than half to 3.6 percent in the first three quarters of 2011, bringing year to date growth below the government's revised target of 4.5 to 5.5 percent for 2011. Q3 growth of 3.2 percent was driven by private consumption and inventory build-up, which grew by 7.1 and 147.7 percent respectively. The country's slower expansion places it behind its neighbors with Indonesia, Vietnam, and Singapore growing above 6 percent, Malaysia at 5.8 percent, and Thailand, which was devastated by massive flooding in recent months, at 3.5 percent.en
dc.identifierhttp://documents.worldbank.org/curated/en/312111468298449219/Philippines-quarterly-update-sustaining-growth-in-uncertain-times
dc.identifier.doi10.1596/26692
dc.identifier.urihttps://hdl.handle.net/10986/26692
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Pasig City, Philippines
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTING
dc.subjectADVANCED COUNTRIES
dc.subjectADVANCED ECONOMIES
dc.subjectAGRICULTURE
dc.subjectASSET PRICE
dc.subjectASSET QUALITY
dc.subjectBALANCE SHEETS
dc.subjectBANK LENDING
dc.subjectBANK OFFICE
dc.subjectBANKING SYSTEM
dc.subjectBASE YEAR
dc.subjectBASIS POINTS
dc.subjectBENCHMARKS
dc.subjectBORROWING COST
dc.subjectBORROWING REQUIREMENTS
dc.subjectBUDGET DEFICIT
dc.subjectBUDGETING
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL ACCOUNTS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL OUTFLOWS
dc.subjectCAPITAL OUTLAY
dc.subjectCASH TRANSFER
dc.subjectCENTRAL BANK
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICES
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMERS
dc.subjectCREDIT CARD
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT GROWTH
dc.subjectCREDIT QUALITY
dc.subjectCREDIT RATING
dc.subjectDEBT CRISIS
dc.subjectDEBT LEVELS
dc.subjectDEBT MATURITY
dc.subjectDEBT PAYMENT
dc.subjectDEBT RATIO
dc.subjectDEBT STOCK
dc.subjectDEFAULT RATING
dc.subjectDEPOSIT
dc.subjectDEPOSIT ACCOUNT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISBURSEMENT
dc.subjectDOLLAR PRICE
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC INTEREST RATES
dc.subjectDOMESTIC LIQUIDITY
dc.subjectDURABLE
dc.subjectDURABLE EQUIPMENT
dc.subjectECONOMIC GROWTH
dc.subjectEMERGING MARKETS
dc.subjectEQUITY MARKET
dc.subjectEXCHANGE RATE
dc.subjectEXCISE TAXES
dc.subjectEXPANSIONARY POLICY
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXPORT MARKETS
dc.subjectEXPORT PERFORMANCE
dc.subjectEXPORTER
dc.subjectEXPORTS
dc.subjectEXPOSURE
dc.subjectEXTERNAL DEBT
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKET PARTICIPANTS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL CONSOLIDATION
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICY
dc.subjectFIXED INVESTMENT
dc.subjectFOOD PRICES
dc.subjectFORECASTS
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN EXCHANGE TRANSACTIONS
dc.subjectFOREIGN FIRMS
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN PORTFOLIO
dc.subjectFOREIGN PORTFOLIO INVESTMENTS
dc.subjectGDP
dc.subjectGLOBAL MARKET
dc.subjectGLOBAL TRADE
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT SECURITIES
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS VALUE
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectHOLDINGS
dc.subjectHOUSEHOLD INCOME
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RESOURCE
dc.subjectINCOME GROUP
dc.subjectINCOME LEVELS
dc.subjectINDEXATION
dc.subjectINELASTIC DEMAND
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATIONARY PRESSURES
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL RESERVES
dc.subjectINTERNATIONAL SETTLEMENTS
dc.subjectINTERNATIONAL STANDARD
dc.subjectINVENTORY
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENTS IN EQUITIES
dc.subjectISSUANCE
dc.subjectJOB CREATION
dc.subjectLABOR MARKET
dc.subjectLEASE AGREEMENTS
dc.subjectLENDING LIMITS
dc.subjectLIABILITY
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL GOVERNMENT
dc.subjectLONG-TERM LOANS
dc.subjectLOW INTEREST RATE
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET LIQUIDITY
dc.subjectMARKET PERFORMANCE
dc.subjectMARKET RISK
dc.subjectMARKET SHARE
dc.subjectMATURITY
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMOBILE PHONE
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectNEGATIVE EXTERNALITIES
dc.subjectNET EXPORTS
dc.subjectNON-PERFORMING LOAN
dc.subjectOPEN ECONOMY
dc.subjectOUTPUT
dc.subjectOUTSOURCING
dc.subjectPARTICULAR COUNTRY
dc.subjectPER CAPITA INCOME
dc.subjectPOLITICAL STABILITY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INFLOWS
dc.subjectPRICE ELASTICITY
dc.subjectPRICE ELASTICITY OF DEMAND
dc.subjectPRICE INCREASES
dc.subjectPRIVATE CREDIT
dc.subjectPROFIT MARGIN
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SECTOR DEFICITS
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC-PRIVATE PARTNERSHIP
dc.subjectRAPID GROWTH
dc.subjectREAL ESTATE
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectRECESSION
dc.subjectREFORM PROGRAM
dc.subjectREGIONAL TRADE
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREGULATORY SYSTEM
dc.subjectREMITTANCE
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENT
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRISK AVERSION
dc.subjectRISK PROFILE
dc.subjectRISK WEIGHT
dc.subjectSAVINGS
dc.subjectSHORT-TERM BORROWING
dc.subjectSHORT-TERM CAPITAL
dc.subjectSHORT-TERM DEBT
dc.subjectSOCIAL DEVELOPMENTS
dc.subjectSOCIAL PROTECTION
dc.subjectSOVEREIGN DEBT
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET INDEX
dc.subjectSTOCKS
dc.subjectSUPPLY SHOCKS
dc.subjectSWAP
dc.subjectT-BILL
dc.subjectT-BILL RATE
dc.subjectTAX
dc.subjectTAX INCENTIVES
dc.subjectTAX POLICY
dc.subjectTAX RATE
dc.subjectTAX REGIME
dc.subjectTAX REVENUES
dc.subjectTAX SYSTEM
dc.subjectTAXATION
dc.subjectTRADE BALANCE
dc.subjectTRADE DEFICIT
dc.subjectTRADE REGIME
dc.subjectTRADING
dc.subjectTRADITIONAL MARKETS
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BOND
dc.subjectTREASURY BOND AUCTIONS
dc.subjectTROUGH
dc.subjectUNEMPLOYMENT
dc.subjectVOLATILITY
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWTO
dc.titlePhilippines Quarterly Update, December 2011en
dc.title.subtitleSustaining Growth in Uncertain Timesen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titlePhilippines Quarterly Update, December 2011
okr.date.disclosure2012-02-17
okr.date.doiregistration2025-05-07T09:38:22.814516Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/312111468298449219/Philippines-quarterly-update-sustaining-growth-in-uncertain-times
okr.guid312111468298449219
okr.identifier.externaldocumentum000386194_20120217035521
okr.identifier.internaldocumentum15812738
okr.identifier.report65750
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/312111468298449219/pdf/657500REVISED00er020110as0of0021712.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryPhilippines
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicInternational Economics and Trade::Export Competitiveness
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.topicPoverty Reduction::Employment and Shared Growth
okr.unitPREM
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