MANILA, Philippines—The relatively young populations in the Philippines and its neighboring developing countries augured well for their economic development though they also must brace for challenges brought by their inevitable aging, the World Bank (WB) said.
“Some middle- and low-income countries (Cambodia, Indonesia, Laos, Myanmar, and the Philippines) are expected to experience ‘demographic tailwinds,’ or favorable demographic trends that will boost economic growth, at least in the near term,” the Washington-based multilateral lender said in its report, “Demographic trends and urbanization.
In contrast to these five countries’ “youthful population structur…
Keep on reading: World Bank: Young population to boost PH economic development