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Publication Detail
CN2012-01: Performance and Outlook: Strengthening the Philippine Economy

The paper analyzes the factors that can affect the Philippine economic performance in 2012 using SWOT analysis. The results highlight the need to strengthen the Philippine economy to make it more resilient to future internal and external shocks. Global economic factors, in particular, will continue to weigh down on growth prospects this year. Like other countries, the Philippines needs to turn inwards for sources of growth. To enable the government to make the much-needed investment in both physical and social infrastructure, it must increase its revenue effort to improve its fiscal space even as it sustains reforms in public expenditure management. Among the reforms recommended to further strengthen the economy as well as to improve the attractiveness of the country as an investment site are as follows: (a) accelerate infrastructure development, (b) diversify export products and markets, and (c) promote SME development.

Congressional Policy and Budget Research Department
Authors Keywords
Sawali, Rosemarie R.; Philippine economy; SWOT; analysis of Philippine economy; Philippine economic outlook;
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Published in 2012 and available for Downloaded 303 times since October 12, 2015
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