We are a long way from developed country status, but if inflation is controlled and these numbers stay the same, we are on track to be a Top 25 economy in the world by 2035

If we remain at full employment as indicated below wages will naturally go up, as competition to retain skilled employees will begin by companies seeking to keep market advantages.

 Inflation is the main concern and must be controlled by preventive measures (Examples: Increase domestic Oil and Gas production or switch to Nuclear | Stabilize the Peso's drop to make imports cheaper)

Consumer spending has remained the same, that is why we see sustained 5-6% GDP growth (Philippines is a service-based economy and driven by Capital Formation and Consumer Spending like USA, Canada, UK, Australia) so we are indeed in a very good position.

 Analyzed by: Steve Stavri, MBA, REB (Chief Executive Officer - Stavri Premier Properties Co. Inc.)