UMICs face steep climb to high-income tier, ADB think tank says

UMICs face steep climb to high-income tier, ADB think tank says

THE Philippines and other Asian upper-middle income countries (UMICs) face a difficult climb to high-income status due to geopolitical fragmentation, digital transformation, the rise of artificial intelligence (AI) and climate risks, the Asian Development Bank Institute (ADBI) said. “Our current and future challenges are totally different from what South Korea, Singapore, and Hong Kong at […]

Source: BusinessWorld
https://bworldonline.com/economy/2026/09/17/778108/umics-face-steep-climb-to-high-income-tier-adb-think-tank-says/