The Philippine Economy: Glass Half Empty or Glass Half Full?

Quick Summary:

Recently announced growth figures look impressive, but they conceal the structural issues holding back the Philippine economy.

In the case of the Philippines, overoptimism also seems to ignore a number of important structural issues that need to be addressed if the country is to maintain a high growth rate and catch up with its neighbors.

Using the De La Salle econometric model of the Philippine economy, we have shown that the Philippines will not attain the 2028 income per capita target set out in the Philippine Development Plan.

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Article Details

Author / Journalist: Jesus Felipe and Susan Kurdli

Category: Economy

Markets: United StatesAfghanistanChinaHong KongIndonesiaJapanSouth KoreaMalaysiaMongoliaPakistanPhilippinesSingaporeTaiwanThailandVenezuelaVietnam

Topics: Capita Growth Workers Manufacturing Economic Philippine Income Philippines Economy Country Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 09:48:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 3591 words

Reading Time: 20 minutes read

Sentences: 184 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 21985574

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