Monday, December 14, 2009
Against the backdrop of the ongoing global financial turn down, the Philippine economy remains largely unfazed and still, remarkably promising. The Joint Promising Chambers of the Phils. Is not expecting the economy to slip into recession this year and they are also giving business gifts, thanks to the remittance inflows and revenues from the information technology services sector. Further, the JFC said that money from the OFWs and revenue from the IT-enabled service sector will support the continued growth of domestic consumption, allowing the Philippines rto show positive gross domestic product in 2009. And to remain internationally competitive, the country has likewise been pro-active in developing infrastructure, communications and service delivery systems that satisfy the expectations of expatriate property investors.
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