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GROWTH. The cityscape of buildings, condominiums, and residential communities as seen from Quezon City on January 29, 2026.

Jire Carreon/Rappler

The World Bank upgrade marks a long-sought economic milestone for the Philippines, but high prices, underemployment, and income inequality continue to plague millions of Filipinos

MANILA, Philippines – The Philippines is now classified as an upper-middle income country by the World Bank (WB).