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flag Philippines aims for upper-middle-income status in 2025, backed by economic growth and improved credit rating.

flag Philippine President Ferdinand R. Marcos Jr. expressed confidence that the Philippines could achieve upper-middle-income status in 2025, citing a 5.8% economic growth rate and record-high revenue collection. flag The country also secured its first credit rating upgrade, reducing borrowing costs and attracting more foreign investment. flag With an unemployment rate of 4%, the government plans to open four more foreign missions to strengthen global ties.

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