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Philippines Trails Neighbors on Poverty Fight: Chart of the Day

The Philippines has lagged behind its neighbors in Southeast Asia in reducing poverty even as its economic expansion mostly kept pace the past two decades, which may stall efforts to achieve an investment-grade debt rating.

The CHART OF THE DAY tracks the change in gross domestic product of the Philippines, Thailand and Malaysia in dollar terms since the end of 1988. The lower panel shows the change in each country’s poverty rate, defined as a percentage of the population, using World Bank data. Both graphs are normalized to show how each country has performed relative to 1988.