rePost: Dr Doom on the Philippines:RGE – Are There Bright Spots Amid the Global Recession?

Philippines The Philippines’ stalwart consumers saved the economy from the recessions that plagued its more export-dependent neighbors. Remittances proved surprisingly resilient despite the global economic slowdown as Filipino laborers, especially professional or skilled workers, continued to find strong demand overseas. This was partly due to the government’s diligence in forging new hiring agreements with several […]

READ MORE