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Balisacan still confident PHL can achieve upper middle-class status this year

29 January 2026
in Business
Reading Time: 4 mins read
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Balisacan still confident PHL can achieve upper middle-class status this year
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By Aubrey Rose A. Inosante, Reporter

THE PHILIPPINES remains on track to graduate to upper middle-income country (UMIC) status this year, despite a sharp growth slowdown in 2025, the Department of Economy, Planning, and Development (DEPDev) said.

Economy Secretary Arsenio M. Balisacan said the Philippines can still achieve UMIC status this year despite the weaker-than-expected 4.4% gross domestic product (GDP) growth last year.

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