KSearch’s bullish outlook for 2013 draws inspiration and support from the economic briefing given by Mr. Roni Balbieran, economist, researcher and former instructor at the University of Asia and the Pacific last January 10, 2013 entitled “2013 – A Baker’s Dozen for the Philippine Economy (Are we heaven already?)”. This is Mr. Balbieran’s 5th economic report to the executive headhunter group and true to the engaging style he is known for, he peppered his talk with much humor and relevant industry information much appreciated by all.
Mr. Balbieran’s background as an educator made him simplify the macro developments and trends in the Philippine economy within the contexts of the “One-Man Economy” and the “Economy as a Household”, among others. He explained those economic jargons in simple terms such that even non-economists would undoubtedly understand, thus providing practical and useful guide to day-to-day living.
Once again, Mr. Balbieran highlighted the “bathtub” theorem and its eternal production-employment-income-spending-cycle in direct alignment with GDP, GNP (now GNI, Gross National Income), inflation, unemployment, and even underemployment. He made his audience fully appreciate the strengths and weaknesses of today’s economy as he drove active interaction from the KSearch consultants.
Mr. Balbieran said that the Philippines being already on the path of growth is no longer a question and that 2013 is a continuation of it. The more pressing issue to think about, he pointed out, is whether we are growing enough as much as we could or should?
“KSearch will ride the crest of the country’s economic upswing in 2013”, KSearch CEO Manny Guillermo announced, “and will be proactive to pre-empt and expand its share of the executive recruitment market”. “Competition will be fiercer”, he added, “but I’m confident that our reputation for thorough client service will continue to put us in a formidable position – but this is provided we do not become complacent or lax off.” With confidence, he declared: “I project that we will grow much better than the Philippine economy’s projected growth rate of 7% in 2013, much as we have managed to do in the past”.