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Rising informal sector may signal middle-income trap

THE expansion of the country’s informal sector and the growth of the gig economy may be symptoms that the country is caught in a middle-income trap, according to United Kingdom-based bank Hongkong and Shanghai Bank Corp. Ltd. In a report, HSBC economist for the Association of Southeast Asian Nations (Asean)… ....

Shanghai Bank Corp , National Statistician Claire Denniss Mapa , Philippine Statistics Authority , United Kingdom Based , Shanghai Bank , Southeast Asian Nations , Aris Dacanay , Overseas Filipino Work , Artificial Intelligence , Business Process Outsourcing , Knowledge Process , Statistician Claire Dennis ,