PH exit on 'middle-income trap' on track

DESPITE the current political noise and the lingering effects of the pandemic on the economy, the Philippines' exit from the "middle-income trap" is on track, as the policies of the Marcos Jr. administration are in place to attain sustained economic growth, the economic managers of President Ferdinand Marcos Jr. told The Manila Times.

The Marcos administration aims to achieve upper-middle income status for the country by 2025, an ambitious goal requiring a high growth rate and economic diversification.