BPO, Export Earnings Driving Philippines to $1 Trillion Economy by 2030
SourceFit
DECEMBER 7, 2015
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.
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