PH to Become $2-Trillion Economy by 2050
Milan: The Philippines is projected to become a USD2 trillion economy by 2050, maintaining its strong economic growth momentum, as stated by Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan. Speaking at the Philippine Economic Dialogue in Milan, Italy, Balisacan detailed the country’s robust economic performance and investor-friendly policies to European business leaders and financial stakeholders. According to Philippines News Agency, Balisacan emphasized the Philippines’ current economic size of USD392 billion and its progress as a rising middle-income country, supported by a population of 114 million with a median age of 27. He stated, “At our current growth