Opinion
Inquirer Business on MSNOpinion
Prosperous on paper, poor in reality: The Philippines’ UMIC mirage
On July 1, 2026, the World Bank reclassified the Philippines as an upper middle-income country, or UMIC, citing a gross national income per capita of $4,850. While policymakers celebrated the ...
Sources: Deininger and Squire, 1996, and Philippines, National Statistics Office, 1994. Although an improvement in income distribution is often accompanied by a decrease in the poverty rate (absent a ...
MANILA, Philippines — The Philippines is likely to miss its goal of bringing down the poverty rate to single-digit level by 2028, according to the World Bank. “As of this moment, we’re not projecting ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results