Tag: middle-income
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Philippines’ move to upper middle-income level unlikely by 2025
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THE PHILIPPINES is unlikely to achieve the government’s goal of becoming an upper middle-income country by 2025, analysts said. Analysts said Philippine gross domestic product (GDP) needs to expand by at least 6% annually in the near term to ensure a significant growth in Filipino incomes. “The Philippines can still…
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PHL on track to reach upper middle-income status, says NEDA chief
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THE PHILIPPINES is still on track to become an upper middle-income economy next year as long as the growth momentum continues, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said. “If growth this year is not dampened, [we] should be on track,” he told reporters on the sidelines…