Philippines Information Technology Q1 2020
The Philippines IT market is positioned for sustained growth in spending over the medium term as the IT intensity ofeconomic activity in manufacturing and services increases, while retail demand will benefit from purchasing power growth over2020-2023. The IT industry is successful in two fields - integrated circuits and outsourcing - where the country has an importantposition in regional and global supply chains. The risk profile is mixed, mainly due to economic and political exposure to China,leaving aspects of the IT market and industry vulnerable to economic weakness in China or an intensification of US disputes withChina about trade and industrial policy.
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