• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » PH’s GDP expected to increase in Q3

PH’s GDP expected to increase in Q3

The Philippine economy is forecasted to remain in expansion mode even though quarantine restrictions were implemented in the third quarter of 2021. 

During his speech in the Manila Times virtual anniversary, National Economic and Development Authority (NEDA) Director-General Karl Kendrick Chua said that around 77% of the country’s economy remains in heightened quarantine but “people appear to have internalized the pandemic already”.

Chua added that due to last quarter’s “change in paradigm, mentality and approach that we are seeing” the economy is expected to continuously recover. Economic managers are also expecting the full-year GDP of the country to expand between 4-5%.

The NEDA chief added that the sustainability of domestic growth depends on the actions of the population as they adhere to health protocols. 

The Philippine Statistics Authority (PSA) is scheduled to report the Q3 GDP on November 9.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image