Report: Philippines in good shape, but tighter money may be in order

08/18/2013 | Business World (Philippines)

Although the Philippine economy has established a solid record of impressive growth, credit growth has also been robust and that, in combination with global uncertainties, may mean the money supply will need to be tightened in the future, according to a report by the Institute of International Finance. However, the report praised government policies, noting that their "success in building a record of fiscal control and improving public governance has helped assuage a long period of risk aversion and neglect by foreign investors."

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