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Macro Poverty Outlook for Philippines : April 2022 (Английский)

In the Philippines, following a deep contraction in 2020, the economy rebounded in 2021 supported by strong manufacturing and public investment. Economic policies have been supportive of the recovery, but policy space is narrowing. Poverty has likely improved between 2020 and 2021, but remains above pre-pandemic levels. The economy is projected to grow by about 5.6 percent per year over the medium term, anchored on more robust domestic activities. However, the outlook is subject to downside risks from external and domestic sources. This Macro Poverty Outlook presents GDP, debt and fiscal forecasts and examines the implications for critical economic and social concepts such as growth, poverty reduction and macroeconomic stability.

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