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Maroc Maroc - BUSINESSMIRROR.COM.PH - A La Une - 05/Jan 16:03

The Philippines’ path to becoming an upper middle-income country

A recent analysis by the Asean+3 Macroeconomic Research Office (Amro) highlights a critical juncture for the Philippines in its pursuit of upper middle-income country (UMIC) status. To reach this goal, the country must boost its per capita Gross National Income (GNI) by 6.8 percent to $4,516. Thus, it must strengthen its economic strategies to effectively navigate the challenges of post-pandemic recovery. (Read the BusinessMirror story: “Pinoys’ income must grow 6.8% to attain Umic dream,” January 2, 2025).

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