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Dial 1-800-Philippines for call centers
Often ignored as an economic laggard, the Philippines has beaten India to win the top spot for offshore call center outsourcing. That's amid fresh grumbles in the U.S. over sending jobs abroad. Video
Obama says "guardedly optimistic" after GDP figures
WASHINGTON |
WASHINGTON (Reuters) - President Barack Obama said on Friday he was "guardedly optimistic" about the direction of the U.S. economy after GDP figures showed the economy shrank modestly in the second quarter.
"Today's GDP is an important sign that the economy is headed in the right direction and that business investment, which had been plummeting in the last several months, is showing signs of stabilizing," Obama told reporters at the White House.
Obama said his administration was doing everything possible to continue a cash-for-clunkers program that allows people to get rebates for trading in gas-guzzling cars for more fuel efficient vehicles.
(Reporting by Jeff Mason; Editing by Ross Colvin)
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