The World Bank projects that the Philippines will not achieve its goal of reducing poverty to single-digit levels by the end of President Marcos' term, forecasting a decline to 12.3% by 2028. Economic shocks, particularly from the Middle East conflict, threaten to push millions back into poverty.

• 01The poverty rate is expected to decline to 12.3% by 2028, falling short of the government's target of 8.8-9%.
• 02Around 2 million Filipinos could fall back into poverty due to economic shocks from the Middle East conflict.
• 03Approximately 28% of Filipinos are vulnerable to falling back into poverty, while only 24% belong to the secure middle class.
• 04Many Filipinos remain in an 'emerging middle class' without economic security, largely due to low incomes and limited job prospects.
• 05The World Bank emphasizes the need for a reform agenda focused on growth, job creation, and social protection to achieve poverty reduction goals.

The projected rise in poverty could affect millions of Filipinos, leading to increased economic insecurity and limited access to essential services.