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Philippines Classified as Upper-Middle Income Country by World Bank
The World Bank has classified the Philippines as an upper-middle income country, marking a significant upgrade after four decades in the lower-middle income bracket. This classification signals a new phase of economic growth and development for the nation.
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- Philippines Confirmed as Upper-Middle-Income Country by World Bank
The World Bank has confirmed the Philippines' status as an upper-middle-income country, with its per capita Gross National Income (GNI) exceeding the threshold. This upgrade, attributed to economic growth and reforms, is expected to improve the investment climate.