The Philippines Edges Closer to Upper Middle-Income Status by 2025
According to a recent study by the Philippine Institute for Development Studies (PIDS), the Philippines is making strides toward achieving upper middle-income status by 2025. Despite facing global economic challenges and domestic issues, the country’s economy showcased remarkable resilience in 2023, reaching a 5.6% growth rate. Although this growth is slower than the 7.6% expansion…
