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“In any other year, the March to April improvement would appear modest, but 2009 is unique,” said Panjiva chief executive officer Josh Green. “Frankly, we expected to see far worse numbers – and yet these numbers suggest we may have already hit bottom.”
Offshore markets, which are showing far more promise than the domestic scene, are keeping the lights on at the Naperville (Ill.)-based outfit – and attracting growing interest by none other than uber-investor Warren Buffett.
But in recent years Cebu has started to attract more than just sun worshipping tourists: it’s a hot new location for the fast growing business process outsourcing business in the Philippines, where despite the global slowdown, the industry is expected to grow 20-25% this year.
BusinessWeek’s Joe Weber, Patricia O'Connell, Michelle Conlin, Frederik Balfour, Peter Coy, Greg Spielberg and Roger Crockett examine The Case for Optimism by looking past the financial turmoil and economic unrest gripping the globe to focus on the promising future that lies on the other side of this storm. We’ll chronicle the forward thinkers investing in R&D, launching promising new products, entering new markets, or implementing management and leadership.
See why BusinessWeek Editor-In-Chief Stephen J. Adler is optimistic about the economy amid the sharpest downturn since the Great Depression.