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

News » Vaccine deployment, lockdown easing, to boost PH growth

Vaccine deployment, lockdown easing, to boost PH growth

Vaccine deployment, lockdown easing, to boost PH growth

Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort forecasts a six to seven per cent growth in the economy this year, stating that the continued easing of quarantine measures, along with the deployment of Covid-19 vaccines are expected to boost domestic growth to within-target levels.

Ricafort said that the approval of the PHP4.5-trillion national budget ensures that infrastructure programs will be financed. The passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) and the Financial Institutions Strategic Transfer (FIST) bill are also pluses.

However, the RCBC chief economist cited some risks that may hinder domestic growth, such as the continued increase of Covid-19 cases in the US, and the possible impact of continued mutation of the Covid-19.

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.
SAVE UP TO
70% ON STAFF COSTS
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