Here is the news that everyone has been waiting for; economic slowdown is officially a good thing. Well, I’d better qualify that by saying that it’s good if you are involved in offering global services to clients – particularly through offshore outsourcing.

A new study out today has highlighted this as a key finding. The study is titled ‘Global BPO Market Forecast 2008-2012’ and was undertaken by NelsonHall. Other observations from the research include a prediction that the global market for business process outsourcing (BPO) will be worth $450bn by 2012. That’s a serious amount of cash.

In theory our economy is still growing, yet with studies like this predicting continued strong growth in the outsourcing market it looks like a good place to be if things do start getting rough in the year ahead. Recession, what recession?