Sat.Mar 31, 2012 - Fri.Apr 06, 2012

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100,000 Jobs in Ph BPO for 2012 – WB

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There will be brighter employment prospects for the Philippines in 2012 according to the World Bank (WB). In the Philippine Quarterly Update: From Stability To Prosperity, released recently, the World Bank said that the Philippines’ business process outsourcing (BPO) sector alone is expected to generate 100,000 new jobs for 2012. The World Bank said that the projected improvement in job prospects in the country is because of increased public spending and continued growth in the BPO sector.

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IMF Forecasts 4.2 Percent Economic Growth for 2012

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The Philippine economy is forecast to grow 4.2 % for 2012 according to the International Monetary Fund (IMF). This growth is despite the risks to the world economy being posed by the sovereign debt crisis in Europe. . The IMF’s annual review of the country’s economy projected this modest 0.5 % increase for the current year; last year, the economy grew at a rate of 3.7 percent. .