01653cas a2200241 a 4500 AALejournalIMF005643 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451831436 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Philippines : 2008 Article IV Consultation; Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Philippines. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (62 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The staff report for the Philippines' 2008 Article IV Consultation is focused on economic developments and policies. A deepening of the global economic downturn presents downside risks to this outlook. Inflation is expected to reach 9 1\2 percent in 2008 and decline to 6 percent in 2009, led by a decline in commodity prices and weaker demand. Bank surveillance has been strengthened and steps have been taken to reduce risks related to off-balance sheet activities. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2009/062 Full text available on IMF http://elibrary.imf.org/view/journals/002/2009/062/002.2009.issue-062-en.xml IMF e-Library