The Philippines has officially entered the World Bank’s upper-middle-income category, with its gross national income per capita reaching $4,850, exceeding the $4,636 threshold in the World

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.