We could alternatively see a doubling of contribution rates stifling growth or incur liabilities of 50% of GDP by 2050 and more than 150% of GDP by 2085.
In this, the BSP and the FMAP’s objectives are aligned. Conclusion To recap, the current state of the economy provides many opportunities. The continued growth and positive outlook on the Philippines may mean that the financial industry will need to step up to meet the demands of future savers and investors.