Philippines could end poverty within a generation

Corruption and natural disasters have been driving forces behind the Philippine’s poverty level, among the highest in East Asia. But now thanks to sustainable economic growth and the creation of one million jobs between October 2013 and October 2014, the bottom 20 percent of incomes grew faster than any other last year, driving unemployment down to 6 percent, a 10-year low. Now analysts are saying that the Philippines could completely eliminate poverty within one generation. A sustained aggressive approach to unemployment is a key to reaching that ambitious goal.

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Philippines could end poverty within a generation

Corruption and natural disasters have been driving forces behind the Philippine’s poverty level, among the highest in East Asia. But now thanks to sustainable economic growth and the creation of one million jobs between October 2013 and October 2014, the bottom 20 percent of incomes grew faster than any other last year, driving unemployment down to 6 percent, a 10-year low. Now analysts are saying that the Philippines could completely eliminate poverty within one generation. A sustained aggressive approach to unemployment is a key to reaching that ambitious goal.

Solution News Source

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