PJD 2017 Vol. 44 No. 2d
Enhancing the Philippine Legal, Regulatory, and Policy Framework for Distributed Energy Resources
PJD 2017 Vol. 44 No. 2c
Possible Effects of China's Belt and Road Initiative on Philippine Trade and Investments
PJD 2017 Vol. 44 No. 2b
Effect of Supply Chain Integration on Business Performance and Competitiveness of Philippine SMEs
PJD 2017 Vol. 44 No. 2a
Role of Subjective Perceptions and Migration Culture in the Formation of Migration Intentions: Evidence from a Rural Village in the Philippines
Publication Detail
CN2020-01: Navigating the Headwinds to Sustain Economic Growth 2019 Economic Performance and 2020 Economic Prospects

The Philippine economy grew 5.9% in 2019 from 6.2% in 2018. This broke the record seven-year growth streak of over 6.0% in gross domestic product (GDP). This is also lower than the government’s revised growth target of 6.0-6.5%. A number of analysts have raised concerns on whether this growth marks the return to a boombust cycle which mainly characterized the economic performance of the country in the past decades. This paper seeks to provide an assessment of the Philippine economy in 2019 highlighting key factors that affected performance. It also discusses key issues and recent and prospective developments that would impact on economic outlook and thus the achievement of the country’s development objectives. The paper will conclude with a brief discussion of key reform imperatives that seek to address development challenges and hopefully help strengthen the economy to be able to sidestep a boom-bust cycle.

Congressional Policy, Budget and Research Department
Authors Keywords
Sawali, Rosemarie, R,; economic performance;
Download PDF Number of Downloads
Published in 2020 and available in the or can be downloaded as full text Downloaded 12 times since June 15, 2020