World Bank says job reforms to drive PHL growth to nearly 7% - BusinessWorld Online

Job reforms crucial for PH to hit 2040 middle-class target — World Bank

The Philippine manufacturing sector's share of jobs remains stagnant despite increased productivity since companies do not scale up

World Bank says job reforms to drive PHL growth to nearly 7% - BusinessWorld Online

REFORMS to enhance job creation and quality could propel Philippine economic growth to close to 7% and transform it into a middle-class economy by 2040, the World Bank said. “To stay on a path to upper middle-income status and to realize the national ambition of a middle-class society free of poverty by 2040, the country needs a new wave of reforms. Faster, broader, deeper,” World Bank Country Director for the Philippines, Malaysia, and Brunei Z…

Job Creation Reforms To Help Philippines Be A Middle-Class Society By 2040

The Philippines recorded an impressive growth over the past 15 years but structural reforms to boost job creation could help accelerate economic growth to as high as 6.8 percent, transforming the country into a middle-class society by 2040, the World Bank said. In its Country Growth and Jobs Report released on Tuesday, the World Bank said the Philippines was able to post rapid growth, doubling its gross domestic product (GDP) since 2010. The rep…