ABSTRACT

Despite notable progress in poverty reduction since 2012, many Filipinos remain vulnerable to economic and climate-related shocks, which threaten to reverse hard-won gains. By examining the underlying drivers such as economic growth, labor market dynamics, and social policies, the report sheds light on the factors that have enabled progress as well as persistent bottlenecks, including labor market barriers and limited access to quality services. Building on these insights, the report proposes a set of targeted policy recommendations aimed at overcoming these obstacles and sustaining inclusive growth, with the goal of fostering a more resilient and prosperous society.

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