Philippines 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Philippines
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| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 80 |
| Release | : 2021-08-06 |
| Genre | : Business & Economics |
| ISBN | : 1513586513 |
The economy is recovering after a major, pandemic-induced economic downturn. The authorities have deployed a comprehensive set of policy responses that have helped to mitigate the socioeconomic impact and maintain financial stability. The economic recovery slowed in the first half of 2021 due to a second wave of COVID-19 infections. Vaccination has started and is poised to accelerate from midyear.
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 104 |
| Release | : 2021-06-03 |
| Genre | : Business & Economics |
| ISBN | : 1513573020 |
A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on households, businesses, and the financial system. This, together with rigorous containment measures, led to a successful flattening of the infection curve during most of 2020. Nevertheless, the pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality.
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 84 |
| Release | : 2021-07-14 |
| Genre | : Business & Economics |
| ISBN | : 1513593250 |
Although Timor-Leste has made considerable progress in many areas since its independence in 2002, it faces significant medium-term challenges. The nation has pressing development needs, young institutions, and is highly dependent on oil. Oil revenues from active fields, which have been the main source of funding for government spending, are drying up. The non-oil private sector economy remains underdeveloped and lack of good jobs and high youth unemployment are serious concerns.
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 127 |
| Release | : 2022-02-11 |
| Genre | : Business & Economics |
| ISBN | : |
South Africa’s subpar economic performance over the last decade has weakened its macroeconomic fundamentals and social indicators. In response to formidable COVID-19-related challenges, government expenditure surged, and, amid declining revenue, the budget deficit widened significantly. The South African Reserve Bank (SARB) and the Prudential Authority (PA) preserved adequate liquidity conditions and financial-sector stability. The cyclical recovery from the deep contraction has been faster than expected but its strength is unlikely to be sustained. Benign global market conditions have supported asset performance, although term premia are elevated due to fiscal risks. Bank soundness indicators remain solid, but a deepening bank-sovereign nexus raises some concerns.
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 81 |
| Release | : 2021-11 |
| Genre | : Business & Economics |
| ISBN | : 1616350938 |
The COVID-19 pandemic and related containment measures have put severe strains on the economy. The economic policy response has been strong and generally appropriate, helping counter the negative effects of the pandemic. Nevertheless, as the international borders remain shut, the economic contraction is likely to deepen in FY2021. A slow recovery is expected for FY2022 driven by a gradual border reopening. The FSM is facing significant medium-term uncertainty, owing to the possible expiration of grants and other assistance provided under the Compact Agreement with the United States. The FSM is also highly vulnerable to climate change-induced natural disasters.
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 93 |
| Release | : 2022-05-11 |
| Genre | : Business & Economics |
| ISBN | : |
After being hit very hard by the pandemic in 2020, both in terms of health and economic outcomes, Peru experienced an equally strong economic rebound in 2021. A new administration was inaugurated in July 2021 with a program focused on reducing inequality and improving social conditions, but limited support from Congress and lack of cohesion heightened political uncertainty. While real GDP surpassed its pre-pandemic level by 2021, labor force participation and total employment have not fully recovered yet. Poverty increased significantly in 2020 and, despite some improvement in 2021, remains higher than in 2019. On May 27, 2021, the IMF Executive Board completed the mid-term review of Peru’s continued qualification under the Flexible Credit Line (FCL) arrangement.
| Author | : International Monetary Fund. Asia and Pacific Dept |
| Publisher | : International Monetary Fund |
| Total Pages | : 77 |
| Release | : 2017-08-15 |
| Genre | : Business & Economics |
| ISBN | : 1484314727 |
This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption.
| Author | : Sriprapha Petcharamesree |
| Publisher | : Springer Nature |
| Total Pages | : 242 |
| Release | : 2023-03-21 |
| Genre | : Social Science |
| ISBN | : 3031257480 |
This open access IMISCOE Regional Reader explores the issues faced by migrant groups in Southeast Asia and the challenges of getting of their human rights recognized. It analyses the different responses, or lack thereof, of the Association of Southeast Asian Nations (ASEAN) to these highly complex situations which are shaped by contemporary debates around borders and concepts of states, migrants’ rights as well as access to citizenship and how these concepts and paradigms are intertwined with issues such as agency and resilience of migrants. Crucial attention is given to the region’s lesser known populations and issues such as the Vietnamese in Thailand, people of Indonesian descent (PIDs) in Southern Philippines, independent child migrants across the region, and the vulnerabilities of migrant workers facing the COVID-19 pandemic. With its unique regional focus, this book provides a valuable resource to those studying human rights and migration issues, policy makers and researchers and students.
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 135 |
| Release | : 2022-04-28 |
| Genre | : Business & Economics |
| ISBN | : |
Malaysia’s economy is showing signs of a gradual yet steady recovery thanks to the authorities’ impressive vaccine rollout, swift and coordinated implementation of multi-pronged support measures. The recovery nevertheless remains uneven and the output gap sizeable, with significant downside risks. Going forward, the authorities should calibrate macroeconomic policies to the pace of the recovery, while preserving policy space given pandemic-related uncertainties, and simultaneously accelerate structural reforms.
| Author | : International Monetary Fund. Asia and Pacific Dept |
| Publisher | : International Monetary Fund |
| Total Pages | : 85 |
| Release | : 2023-12-15 |
| Genre | : Business & Economics |
| ISBN | : |
After a strong recovery from the pandemic in 2022, growth moderated in the first half of 2023 due to external headwinds, fiscal underspending, and normalization of pent-up demand. Inflation decelerated from the peak in early 2023 supported by domestic policy tightening despite a recent uptick related to resurgent commodity prices. Growth is projected to rebound in the second half of 2023 and 2024 while inflation is expected to gradually approach the target. Risks to the growth outlook are tilted to the downside, mainly stemming from persistently high inflation, globally and locally, and a highly uncertain global economic and geopolitical environment. Upside risks to the inflation outlook include higher commodity prices and potential second-round effects.
