ILLUSTRATION BY RUTH MACAPAGAL MANILA, Philippines – The Philippines has finally crossed the threshold into upper-middle income country (Umic) status. While this is a much-awaited event, it
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MANILA, Philippines – The Philippines has finally crossed the threshold into upper-middle income country (Umic) status.
While this is a much-awaited event, it is not a cause for celebration.
If anything, this is the moment when policymakers should become even more cautious.
READ: Philippines reaches upper-middle income status, World Bank says
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[ANALYSIS] Beyond the World Bank's reclassification of PH as upper-middle income
