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Business·09/07/2026Résumé IA
Philippines' Upper-Middle-Income Status Met with Skepticism Amidst Economic Hardship
The Philippines' recent upgrade to upper-middle-income status by the World Bank has been met with skepticism by citizens and advocacy groups. Many Filipinos, like Ann Michelle Federez-Abato, struggle with high inflation and daily expenses, finding the GNI per capita figure of $4,850 unrealistic.
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SCMP Economy1 min de lecture