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Resilience to relevance: The next Philippines’ takeoff?
OPver the past 15 years, the Philippines has proven its resilience. The economy has expanded by an average of 5.3 percent per year since 2010; unemployment fell to a record 4.3 percent in 2024; poverty declined from 16.7 percent in 2018 to 15.5 percent in 2023; and gross national income (GNI) per capita has more than tripled since 2000 to reach $4,470 in 2024—just shy of the World Bank’s upper‑middle‑income threshold [...]