The International Monetary Fund’s expectations are for 3.5 percent growth in 2013, and it is possible that the results of the elections in Italy will reduce these expectations to 2012 levels. In the United States, growth this year is expected to be 2 percent. In Europe, expectations are for the recession to continue, with a slow recovery in 2014.
For small and medium-scale entrepreneurs, we guide them on how and where to access credit. For banks, we teach them how to align with and benefit from our technological innovations such as the award-winning electronic rediscounting. For those engaged in the remittance business, we let them know how they can benefit from using our real-time gross settlement system or PhilPass.