Rethinking "Economic Fundamentals" in an Era of Global Physical Shocks: Insights from the Philippines Experience with COVID-19

Date

2021

Authors

Athukorala, Premachandra

Journal Title

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Volume Title

Publisher

MIT Press

Abstract

At the time of the onset of the COVID-19 pandemic, the economy of the Philippines had strong macroeconomic fundamentals—a decade of robust growth at an average annual rate of 6 percent, low inflation, remarkably low external debt exposure, strong fiscal position, and the highest ever sovereign debt rating—which are commonly identified as prerequisites for facing external economic shocks with comfort.

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Citation

Source

Asian Economic Papers

Type

Journal article

Book Title

Entity type

Access Statement

Open Access

License Rights

DOI

10.1162/asep_a_00820

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