Tag: UMIC

Bleak jobs situation bursts Marcos admin’s UMIC bubble – IBON

Hulyo 8, 2026

UMIC status is irrelevant when considering that millions of Filipinos are struggling to make a living or find decent employment.

Upper middle-income, Lower-end reality

Hulyo 6, 2026

The UMIC overhype shows how the government’s presentation of the economy gives disproportionate emphasis to a favorable statistical reclassification while giving comparatively little attention to the country’s persistent structural weaknesses.

PH is upper middle-income, Filipinos aren’t

Hulyo 5, 2026

The World Bank’s UMIC label should not be mistaken for proof that the country has achieved genuine development.