I know nothing is great about the global crises which started in the US, the world’s economic leader. It of course has snowball effects and the Philippines is one that is mildly, or hardly, hit. Our manufacturing and service sector is affected because large percentage of which rely on US market.
The forecast is things will get worse. Financial consultants said we should tighten our belts, meaning not spend so much and save more. But then, economists urged people to continue spending the way we do so our economy would be able to survive.
This Christmas, prices of some products will go up. It would be harder than ever to shop for basic needs of the family. Good thing my son has outgrow the need for disposable diaper and bottled milk, it was a great budget help.
I hope that this holiday, we’ll be able to feel more the spirit of Christmas than the effect of the crises. This season comes only once a year, one I always look forward to no mater what. Hopefully, the forecasts are not true, that the crises would worsen. The flame of hope should always come alive in our hearts… always…
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[...] [Technorati] Tag results for finance wrote an interesting post today onHere’s a quick excerpt I know nothing is great about the global crises which started in the US, the world’s economic leader. It of course has snowball effects and the Philippines is one that is mildly, or hardly, hit. Our manufacturing and service sector is affected because large percentage of which rely on US market. The forecast is things will get worse. Financial consultants said we should tighten our belts, meaning not spend so much and save more. But then, economists urged people to continue spending the way we [...]