Global professional service firm KPMG expects the growth of the Philippine economy to continue to be consumer-driven. KPMG Chairman and CEO Roberto Manabat said fueling consumption is the sustained growth of the country’s business process outsourcing (BPO) sector.
Manabat dismissed the possibility of US companies pulling out their operations in the country due to the anti-offshoring stance of the new US administration. He said companies operate on what is profitable and the Philippines offers low cost locations for BPO operations. KPMG vice chairman and advisory head Henry Antonio said the majority of companies considering offshore BPO in the US have the Philippines as their first choice.