If the Philippine economy is one of the fastest growing, not only in the Indo-Pacific region but in the whole world, with a GDP averaging an annual growth rate of 6% to 7% during these hard times, a major factor is the so-called “demographic dividend” — our population is still young and growing, in stark contrast with most of our neighboring countries, especially Japan, South Korea, Singapore, and Taiwan, whose populations are both ageing and declining.
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