IT-BPO supporting Central Visayas economy – NEDA-7

The information technology – business process outsourcing (IT-BPO) sector has continued to support the economic growth of Central Visayas, according to the National Economic Development Authority in Region 7 (NEDA-7). The IT-BPO sector in Cebu and Dumaguete have specifically contributed to the Central Visayas economy, which grew between 8% and 9% in 2015. The growth rate was lower than the official target, but higher than the national economic growth rate, according to NEDA-7 director Efren Carreon. In 2014, Central Visayas grew 8.8%, mainly led by the services and industry sectors. Cebu currently has the most number of BPO companies in Central Visayas, employing more than 120,000 workers.