Philippines: Recent Economic Developments

This paper reviews economic developments in the Philippines during 1990-95. By 1994, all the elements for a strong recovery had finally fallen into place. Gross National Product (GNP) growth accelerated to 5 percent, fueled by a strong performance of investment and export-oriented manufacturing. Bas...

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Körperschaft: International Monetary Fund (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 1995
Schriftenreihe:IMF Staff Country Reports IMF Staff Country Report No. 95/113
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Zusammenfassung:This paper reviews economic developments in the Philippines during 1990-95. By 1994, all the elements for a strong recovery had finally fallen into place. Gross National Product (GNP) growth accelerated to 5 percent, fueled by a strong performance of investment and export-oriented manufacturing. Based on this favorable composition of growth, and a near 50 percent increase in remittances, the balance of payments improved. In stark contrast to the earlier recovery, the current account deficit narrowed by 1 percentage point to 41⁄2 percent of GNP
Beschreibung:1 Online-Ressource (90 p)
ISBN:1451831196
9781451831191

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