Millennials` Role in Protecting Environment (Part 3)
Now and in the coming twenty to thirty years, the young generation, i.e., those who are 30 years or under, will constitute close to 70 per cent of the Philippine population. In fact, the Philippines is often praised by economic analysts looking for attractive investment sites in the world for having a “young, growing and English-speaking population.” From the macroeconomic point of view, this means that the Philippine economy will continue to grow for a long time on the basis of consumption spending, although government policy will also stimulate investment spending. That means that the Philippine economy will have at least two powerful engines of growth, consumption and investment. Millennials will be among those who will constitute the majority of Filipino consumers for some time to come.