
Economic data shows nation remains in lower-middle income bracket
Despite government goals to achieve upper-middle income status, the Philippines remains classified as a lower-middle income country, according to recent data.
Economists point to persistent inequality, limited industrial diversification, and political risks as key obstacles that must be addressed to secure sustainable, inclusive growth.
Economists point to persistent inequality, limited industrial diversification, and political risks as key obstacles that must be addressed to secure sustainable, inclusive growth.