Report

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

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank Group
dc.date.accessioned
2017-05-22T16:41:19Z
dc.date.available
2017-05-22T16:41:19Z
dc.date.issued
2011-12
dc.date.lastModified
2021-04-23T14:04:37Z
dc.description.abstract
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. 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.identifier
http://documents.worldbank.org/curated/en/312111468298449219/Philippines-quarterly-update-sustaining-growth-in-uncertain-times
dc.identifier.uri
http://hdl.handle.net/10986/26692
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Pasig City, Philippines
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ACCOUNTING
dc.subject
ADVANCED COUNTRIES
dc.subject
ADVANCED ECONOMIES
dc.subject
AGRICULTURE
dc.subject
ASSET PRICE
dc.subject
ASSET QUALITY
dc.subject
BALANCE SHEETS
dc.subject
BANK LENDING
dc.subject
BANK OFFICE
dc.subject
BANKING SYSTEM
dc.subject
BASE YEAR
dc.subject
BASIS POINTS
dc.subject
BENCHMARKS
dc.subject
BORROWING COST
dc.subject
BORROWING REQUIREMENTS
dc.subject
BUDGET DEFICIT
dc.subject
BUDGETING
dc.subject
BUSINESS ENVIRONMENT
dc.subject
CAPITAL ACCOUNTS
dc.subject
CAPITAL ADEQUACY
dc.subject
CAPITAL INFLOWS
dc.subject
CAPITAL INVESTMENT
dc.subject
CAPITAL OUTFLOWS
dc.subject
CAPITAL OUTLAY
dc.subject
CASH TRANSFER
dc.subject
CENTRAL BANK
dc.subject
COMMODITY
dc.subject
COMMODITY PRICES
dc.subject
COMPARATIVE ADVANTAGE
dc.subject
COMPETITIVENESS
dc.subject
CONSUMERS
dc.subject
CREDIT CARD
dc.subject
CREDIT EXPANSION
dc.subject
CREDIT GROWTH
dc.subject
CREDIT QUALITY
dc.subject
CREDIT RATING
dc.subject
DEBT CRISIS
dc.subject
DEBT LEVELS
dc.subject
DEBT MATURITY
dc.subject
DEBT PAYMENT
dc.subject
DEBT RATIO
dc.subject
DEBT STOCK
dc.subject
DEFAULT RATING
dc.subject
DEPOSIT
dc.subject
DEPOSIT ACCOUNT
dc.subject
DEVELOPING COUNTRIES
dc.subject
DISBURSEMENT
dc.subject
DOLLAR PRICE
dc.subject
DOMESTIC ECONOMY
dc.subject
DOMESTIC INTEREST RATES
dc.subject
DOMESTIC LIQUIDITY
dc.subject
DURABLE
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DURABLE EQUIPMENT
dc.subject
ECONOMIC GROWTH
dc.subject
EMERGING MARKETS
dc.subject
EQUITY MARKET
dc.subject
EXCHANGE RATE
dc.subject
EXCISE TAXES
dc.subject
EXPANSIONARY POLICY
dc.subject
EXPENDITURE
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EXPENDITURES
dc.subject
EXPORT GROWTH
dc.subject
EXPORT MARKETS
dc.subject
EXPORT PERFORMANCE
dc.subject
EXPORTER
dc.subject
EXPORTS
dc.subject
EXPOSURE
dc.subject
EXTERNAL DEBT
dc.subject
FINANCIAL MANAGEMENT
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL MARKET PARTICIPANTS
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL STABILITY
dc.subject
FINANCIAL SYSTEM
dc.subject
FISCAL CONSOLIDATION
dc.subject
FISCAL DEFICIT
dc.subject
FISCAL POLICY
dc.subject
FIXED INVESTMENT
dc.subject
FOOD PRICES
dc.subject
FORECASTS
dc.subject
FOREIGN BANKS
dc.subject
FOREIGN CURRENCY
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN EXCHANGE MARKET
dc.subject
FOREIGN EXCHANGE TRANSACTIONS
dc.subject
FOREIGN FIRMS
dc.subject
FOREIGN INVESTORS
dc.subject
FOREIGN PORTFOLIO
dc.subject
FOREIGN PORTFOLIO INVESTMENTS
dc.subject
GDP
dc.subject
GLOBAL MARKET
dc.subject
GLOBAL TRADE
dc.subject
GOVERNMENT BONDS
dc.subject
GOVERNMENT BUDGET
dc.subject
GOVERNMENT DEBT
dc.subject
GOVERNMENT SECURITIES
dc.subject
GOVERNMENT SPENDING
dc.subject
GROSS VALUE
dc.subject
GROWTH POTENTIAL
dc.subject
GROWTH RATE
dc.subject
HOLDINGS
dc.subject
HOUSEHOLD INCOME
dc.subject
HUMAN CAPITAL
dc.subject
HUMAN RESOURCE
dc.subject
INCOME GROUP
dc.subject
INCOME LEVELS
dc.subject
INDEXATION
dc.subject
INELASTIC DEMAND
dc.subject
INFLATION
dc.subject
INFLATION RATE
dc.subject
INFLATIONARY PRESSURES
dc.subject
INSURANCE
dc.subject
INTEREST RATE
dc.subject
INTERNATIONAL RESERVES
dc.subject
INTERNATIONAL SETTLEMENTS
dc.subject
INTERNATIONAL STANDARD
dc.subject
INVENTORY
dc.subject
INVESTMENT CLIMATE
dc.subject
INVESTMENTS IN EQUITIES
dc.subject
ISSUANCE
dc.subject
JOB CREATION
dc.subject
LABOR MARKET
dc.subject
LEASE AGREEMENTS
dc.subject
LENDING LIMITS
dc.subject
LIABILITY
dc.subject
LIQUIDITY
dc.subject
LIQUIDITY MANAGEMENT
dc.subject
LOCAL CURRENCY
dc.subject
LOCAL GOVERNMENT
dc.subject
LONG-TERM LOANS
dc.subject
LOW INTEREST RATE
dc.subject
MACROECONOMIC STABILITY
dc.subject
MARKET LIQUIDITY
dc.subject
MARKET PERFORMANCE
dc.subject
MARKET RISK
dc.subject
MARKET SHARE
dc.subject
MATURITY
dc.subject
MIDDLE INCOME COUNTRIES
dc.subject
MOBILE PHONE
dc.subject
MONETARY AUTHORITIES
dc.subject
MONETARY FUND
dc.subject
MONETARY POLICY
dc.subject
NEGATIVE EXTERNALITIES
dc.subject
NET EXPORTS
dc.subject
NON-PERFORMING LOAN
dc.subject
OPEN ECONOMY
dc.subject
OUTPUT
dc.subject
OUTSOURCING
dc.subject
PARTICULAR COUNTRY
dc.subject
PER CAPITA INCOME
dc.subject
POLITICAL STABILITY
dc.subject
PORTFOLIO
dc.subject
PORTFOLIO INFLOWS
dc.subject
PRICE ELASTICITY
dc.subject
PRICE ELASTICITY OF DEMAND
dc.subject
PRICE INCREASES
dc.subject
PRIVATE CREDIT
dc.subject
PROFIT MARGIN
dc.subject
PUBLIC FINANCES
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC SECTOR DEFICITS
dc.subject
PUBLIC SPENDING
dc.subject
PUBLIC-PRIVATE PARTNERSHIP
dc.subject
RAPID GROWTH
dc.subject
REAL ESTATE
dc.subject
REAL INTEREST
dc.subject
REAL INTEREST RATES
dc.subject
RECESSION
dc.subject
REFORM PROGRAM
dc.subject
REGIONAL TRADE
dc.subject
REGULATORY REQUIREMENTS
dc.subject
REGULATORY SYSTEM
dc.subject
REMITTANCE
dc.subject
RESERVE
dc.subject
RESERVE REQUIREMENT
dc.subject
RESERVES
dc.subject
RETURN
dc.subject
RISK AVERSION
dc.subject
RISK PROFILE
dc.subject
RISK WEIGHT
dc.subject
SAVINGS
dc.subject
SHORT-TERM BORROWING
dc.subject
SHORT-TERM CAPITAL
dc.subject
SHORT-TERM DEBT
dc.subject
SOCIAL DEVELOPMENTS
dc.subject
SOCIAL PROTECTION
dc.subject
SOVEREIGN DEBT
dc.subject
STOCK EXCHANGE
dc.subject
STOCK MARKET
dc.subject
STOCK MARKET INDEX
dc.subject
STOCKS
dc.subject
SUPPLY SHOCKS
dc.subject
SWAP
dc.subject
T-BILL
dc.subject
T-BILL RATE
dc.subject
TAX
dc.subject
TAX INCENTIVES
dc.subject
TAX POLICY
dc.subject
TAX RATE
dc.subject
TAX REGIME
dc.subject
TAX REVENUES
dc.subject
TAX SYSTEM
dc.subject
TAXATION
dc.subject
TRADE BALANCE
dc.subject
TRADE DEFICIT
dc.subject
TRADE REGIME
dc.subject
TRADING
dc.subject
TRADITIONAL MARKETS
dc.subject
TRANSPARENCY
dc.subject
TREASURY
dc.subject
TREASURY BOND
dc.subject
TREASURY BOND AUCTIONS
dc.subject
TROUGH
dc.subject
UNEMPLOYMENT
dc.subject
VOLATILITY
dc.subject
WORLD DEVELOPMENT INDICATORS
dc.subject
WTO
dc.title
Philippines Quarterly Update, December 2011
en
dc.title.subtitle
Sustaining Growth in Uncertain Times
en
dc.type
Report
en
okr.date.disclosure
2012-02-17
okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/312111468298449219/Philippines-quarterly-update-sustaining-growth-in-uncertain-times
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000386194_20120217035521
okr.identifier.internaldocumentum
15812738
okr.identifier.report
65750
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/312111468298449219/pdf/657500REVISED00er020110as0of0021712.pdf
en
okr.region.administrative
East Asia and Pacific
okr.region.country
Philippines
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
International Economics and Trade :: Export Competitiveness
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Economic Policy, Institutions and Governance
okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
okr.topic
Macroeconomics and Economic Growth :: Taxation & Subsidies
okr.topic
Poverty Reduction :: Employment and Shared Growth
okr.unit
PREM

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