The Philippines will likely reach upper-middle-income country (UMIC) status by 2026, as the economy continues to be driven by private consumption spending and the services sector, the World Bank said in a report Monday.
It said, however, human capital development lagged economic growth in the Philippines.
“Between 2011 and 2019, economic growth increased to an average of 6.3 percent year-on-year. Growth was pro-poor, job-rich, carbon efficient, and spatially balanced. Although the...
BANGKOK, Thailand—Bangkok is in the limelight with leaders of the 21 Pacific Rim economies gathering for their first in-person meeting since 2018 to seek...
MUFG, a leading financial services group and one of the largest banking institutions in Japan, maintained on Wednesday its projection of a 6.7-percent GDP...
LONDON, United Kingdom—British inflation has accelerated to the highest level for 41 years, driven by soaring energy, food, and transport prices in a worsening...
The National Economic and Development Authority expressed confidence the Philippine Development Plan 2023-2028 will be ready for implementation at the start of 2023 to...
