Sat.Dec 05, 2015 - Fri.Dec 11, 2015

article thumbnail

BPO, Export Earnings Driving Philippines to $1 Trillion Economy by 2030

SourceFit

The Philippines is set to be a $1-trillion economy by 2030, according to US analytics company IHS Global Insight. IHS chief economist for Asia-Pacific Rajiv Biswas predicts that the Philippines can become a $695-billion economy by 2025 and a $1-trillion economy by 2030, riding on a growing IT-BPO (information technology and business process outsourcing) sector and strong OFW remittances.

BPO 40
article thumbnail

The Relationship of Philippine Outsourcing and Philippine Economic Growth

Magellan Solutions

For the past few years, experts have been talked about the Philippines’ bright prospects in terms of economic growth. The country’s gross domestic product is expected to shoot up to $1.05 trillion by 2029. Things are expected to.around for the Southeast Asian nation, which has been mired in poverty and political instability while its neighbors in the region became more prosperous.