strengthening competition, while maintaining prudent macroeconomic management, expanding social protection and adapting to climate change. standards. Slower global trade and population decade and a half, despite several major shocks and longer be taken for granted. Sustaining high growth a sharp cOVID-related downturn. Output has more will increasingly depend on boosting productivity. than doubled since 2010, while poverty has halved. Rapid growth in the working-age population, solid competitive advantages. Prudent macroeconomic productivity-enhancing structural reforms, with reforms, including the partial opening of the change, with disproportionate effects on vulnerable business services sector, building on an educated, populations. Stronger efforts to adapt to climate change can mitigate these risks, while further net can ensure better and more equal opportunities. constant employment rate for the population aged 15-64. Source: OECD calculations based on Philippine Statistics Authority and United Nations World Population Prospects 2024. StatLink 显ls https://stat.link/ip5ax0