Sunday, May 31, 2009

PHILLIPPINE, ON THE VERGE OF RECESSION??!!

I was reading a newspaper the other day. One of the news caught my eye. Not that it is extra ordinary or anything like that! just that it is one of the issues that would affect each filipino and the country as a whole. This news stated that despite the slow movement of economic growth registered on the first quarter of 2009, we will not go into recession. That is a good news actually. Speaking of possible recession, this had been contributed by many factors, as some analyst stated. It could be the sharp slowdown of consumers expense rate and the drop of business investments. In fact, National Statistics Coordination Board (NSCB) stated that we are on the verge of recession. Palace issued the statement that it would took two consecutive quarters of slow growth to declare that we are on the verge of recession. One quarter of negative growth would not warrant national recession.

Just the idea of recession is alarming. I do not know if it is only a coincidence that every time i watched the side of the palace, it would always be a language projecting "every thing is under control" mode. Maybe it is just me. Maybe i become a pessimist! Or maybe our government must always project an "everything under control" mode to ensure to the public that we are still under the protective blanket of the government, isnt it?! At any rate, i am hoping, and i am sure our officials and the palace as a whole, have a back-up plan and the precautionary measures in case we came face to face to an unpleasant predicament. As the saying goes, always expect the best but prepare for the worst.

Thank you for reading my views and always take care!


Source of Picture: http://www.salesmotivation.net/img/recession.jpg

3 comments:

chubskulit said...

Actually for the poor people, it is always recession hehehe... Yung mga may trabaho lang di nakakadanas pa ng recession dyan sa tin.. salamat sa visit ate!

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Always take care!!