Editing Lively Jobs in The Philippines Draw in More Investors

Buoyant investment, particularly in building, and strong consumption propelled growth to 7.6% in the first half, a stronger outcome than expected in the Asian Development Outlook (ADO) 2013 in April. Spending related to elections in May led to increase. Fixed investment growth hastened to 12.7%, outpacing a 5.3% rise in private consumption. The country achieved a higher position in the global competitiveness survey along with its first investment-grade credit ratings this year. This means that Philippine Livelihoods and makati occupations will get more enticing. Disappointingly, vigorous growth in the gross domestic product (GDP) has not translated into strong increase in occupations. Full time employment rose by just 0.5% in the 12 months to July. Chosen Economic Indicators (%) - Philippines 2013 2014 ADO 2013 Upgrade ADO 2013 Upgrade GDP Growth 6.0 7.0 5.9 6.1 Inflation 3.6 3.0 3.8 3.5 Current Account Balance (share of GDP) 3.0 3.4 3.2 3.5 Source: Asian Development Outlook (ADO) 2013 Update; ADB estimates. Outlooks for inflation are trimmed from ADO 2013. A good crop early in the entire year and soft global commodity prices contained inflation at 2.8% on average in the very first 8 months. Peso depreciation and robust domestic demand are likely to apply modest upward pressure on costs in 2014. In contrast with other subregional markets, the Philippines' current account strengthened in the very first half, creating a more substantial surplus, equivalent to 4.2% of GDP. Supporting the surplus are remittances from overseas workers totaling $11.8 billion in the initial 6 months and steady expansion in business process outsourcing services. Current account predictions with this year and next are increased somewhat. Do you want to grow your business in Manila or Makati? It's time to ramp up your [http://ph.jobcentralasia.com/ jobs in the Philippines] Source: ADB. 2013. Asian Development Outlook 2013 Update. Manila. [http://ph.jobcentralasia.com/news Full Survey]

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