THE Philippines stands at a crucial juncture in its economic journey, with the projected growth target of 6.1 percent for 2025. However, in pursuing these ambitious goals, we must ensure that the benefits of growth are not confined to a select few but shared widely. As discussed during the recent economic forum organized by The Manila Times, achieving inclusive growth alongside climate resilience and digital transformation is key to unlocking our economy's full potential.
One of the forum's key takeaways was the need for economic progress that benefits everyone. The Philippines' growth cannot be measured solely by the gross domestic product. I firmly believe that 'an economy that works only for some will ultimately work for none.' To truly achieve our 2025 growth targets, we need to prioritize inclusive growth, ensuring that all Filipinos, regardless of income or background, can access the opportunities created by our expanding economy.
Robert Dan Roces, economist at the Office of the Chairman for SM Investments Corp.(farthest to the right), joins a local economic forum as a panelist together with industry leaders. (From left) The Manila Times President and COO Blanca Mercado; BDO Capital & Investment Corp. President Eduardo Francisco; Finance Assistant Secretary Neil Adrian Cabiles from the Office of the Chief Economist of the Department of Finance; and World Bank Country Lead Economist and Program Leader for Equitable Growth, Finance and Institutions Practice Group for the Philippines, Malaysia and Brunei Gonzalo Varela. Investment banker Stephen CuUnjieng is beside the author. PHOTO FROM SM INVESTMENTS
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