This editorial was taken from philstar, and I have my own opinion regarding with this editorial.
The full impact of the global economic slowdown is expected to be felt this year, according to economic analysts. And while conservative banking policies have spared the
Even before the credit crunch blew up in the face of Americans, affecting the rest of the world, the
Though the country registered its highest economic growth in three decades in 2007, the government has admitted that benefits of the growth have been slow in trickling down to the poor. The country also lags way behind its Southeast Asian neighbors in attracting foreign visitors and FDI. Remittances of about eight million Filipinos working overseas account for a hefty chunk of economic growth figures. Those jobs are now imperiled by the global slowdown.
As nations race to recover from the slump, the best performers will be those that implement the necessary reforms. In the case of the
The index, which ranked the
Many of those observations are worth heeding if the nation wants to be poised for economic takeoff once the world recovers from the downturn. We can’t be middling forever in these international rankings, lagging way behind Asia’s most successful economies such as Hong Kong and
As I saw and hear about this news regarding of the Global economic slowdown, I can say that, it affects a lot in all countries. As all we know, US is one of the riches country in this world, And if that country suffer crisis, for sure all countries affected. As of now,