Philippines: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Philippines
Author | : International Monetary |
Publisher | : International Monetary Fund |
Total Pages | : 80 |
Release | : 2021-08-06 |
ISBN-10 | : 9781513586519 |
ISBN-13 | : 1513586513 |
Rating | : 4/5 (513 Downloads) |
Download or read book Philippines: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Philippines written by International Monetary and published by International Monetary Fund. This book was released on 2021-08-06 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.