PH among top 20 economies by 2050

Jun 22, 2023 12:35 am

COUNTRIES currently classified as emerging markets (EMs) will account for over half of global economic output by 2050, a Fitch Group unit said on Wednesday, with China set to become the world's largest economy, and the Philippines joining the top 20 in 18th place.

In a commentary, BMI Country Risk & Industry Research noted that the EM share of global gross domestic product (GDP) — relatively stable over the past 10 years — would expand markedly on the back of an expansion in China.

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