What is more relevant is the intertwining of political policies with the economy. Revenue-wise, BPOS industry leaders are projecting to overtake the dollar remittance from overseas Filipino. As earlier reported, total employment in BPO industry breached the one million mark by mid-2015 and key industry players are targeting 1.2-1.3 million by year-end. ![]() One major economic phenomenon in the Philippines is the sustained growth of the Business Process Outsourcing (BPO) Industry. Likewise, the state of the economy impacts on the real estate market. ![]() Political realignment at the national and local levels has been observed in recent weeks, laying the ground for a fresh presidency with a strong mandate from the electorate. While President-elect Rodrigo Duterte wrested the support of the voters from the current ruling party, a smooth transition of power is expected just like the political transition of President Benigno Aquino III in 2010 even when his party was the staunchest critic of then-President Gloria Macapagal-Arroyo. The electoral process proved once again that Philippine’s democracy is stable and that the political actors are mature enough to accept the verdict of the elections. The relatively peaceful and decisive national elections last May bodes well for sustaining the country’s robust economic growth. The political cycle is said to greatly impact the economic cycle.
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