Composite image from INQUIRER/AFP files photos. MANILA, Philippines — The Philippines has officially attained upper-middle-income status under the World Bank’s latest income classification,

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

Philippines achieves upper-middle income status after years of robust growth. Experts warn the hardest work lies ahead to avoid the middle-income trap.