Philippines Economic Rebound Seen in 2010

European businessmen see the Philippines to possibly make an economic rebound in 2010 with growth to be potentially driven by electronics, agri-business, tourism, business process outsourcing (BPO), property development, and retail.

European Chamber of Commerce of the Philippines (ECCP) executive vice president Henry Schumacher said investors may have good reasons to be cautiously optimistic on the country’s prospects next year with most of the six industries seen to perform better next year.

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