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...
The Philippine economy will pull through “very difficult challenges” such as high inflation and interest rates, Bangko Sentral ng Pilipinas Governor Felipe Medalla said...
The second ASEAN Global Dialogue kicked off here in the capital of Cambodia on Sunday, focusing on sustainable post-COVID-19 pandemic economic recovery.
Addressing the forum,...
Washington, United States—US consumer prices cooled in October but remained at decades-high levels, according to government data released Thursday, keeping the pressure on President...
