According to a Standard Chartered Bank economist, the Philippine economy expanded by 5% in 2021…
In the Philippines’ economic growth, youth and women are crucial.
Women and the youth, who comprise around 20% of the Philippine population, will be essential in achieving the demographic dividend that has long been desired.
According to the Commission on Population and Development (PopCom), women and young people make up a significant portion of the country’s human resources. They will drive future economic growth as the nation moves toward the realization of “Ambisyon (Ambition) 2040,” which is based on the eight-point socioeconomic agenda of the Marcos administration.
Undersecretary Juan Antonio Perez III, PopCom’s executive director, said on Friday that they “will be a crucial part of the local workforce and employment, as well as contribute to national economic advantages.” “I expect the next administration to build on the successes of our population initiatives and agenda while fully using the potential of our young people and women by making significant investments in their education and professional upskilling,” the author says.
The Population Reference Bureau defines a demographic dividend as “the increased economic growth that may emerge from a reduction in a country’s birth and death rates and the ensuing change in the population’s age structure.”
In a report titled “World Population Prospects 2022,” which was issued by the United Nations (UN) Department of Economic and Social Affairs and released on Monday to commemorate World Population Day, it is predicted that the world population will exceed 8 billion by November (WPD).
According to the UN, the world’s population may reach 8.5 billion in 2030, 9.7 billion in 2050, and 10.4 billion in 2100.
According to the analysis, just eight nations—the Democratic Republic of the Congo, Egypt, Ethiopia, India, Nigeria, Pakistan, the United Republic of Tanzania, and the Philippines—will account for more than half of the projected rise in the world’s population up to 2050.
“People are the issue; not machines are. The key to peaceful, wealthy, and sustainable communities is investing in people, in their rights, and in their freedom of choice, according to experience, said Dr. Natalia Kanem, executive director of the UN Population Fund (UNPFA).
On July 11, representatives from the UNFPA Philippines, PopCom, and the Philippine Legislators’ Committee on Population and Development met at the Edsa Shangri-La Hotel in Mandaluyong City to discuss pursuing population policies that prioritize sexual and reproductive health and rights in accordance with the report and the WPD 2022 theme of “A world of 8 billion: Towards a resilient future.”