Economic Performance

JOINT STATEMENT OF THE DUTERTE ADMINISTRATION’S ECONOMIC MANAGERS ON THE PHILIPPINE ECONOMIC PERFORMANCE FOR THE FOURTH QUARTER AND FULL-YEAR OF 2020

We entered 2020 with the prospects of becoming an upper middle-income country two years ahead of our 2022 target. Earlier in 2018, we achieved a record low poverty rate of 16.7 percent of the population, lifting some six million Filipinos out of poverty four years ahead of our target.