Is the Philippines heading for a recession?

[froshie1]

From the start naman kasi hindi naman sustainable ang lifestyles ng mga nasa "rich" countries like the US.

Isipin mong magpapalit palit ka ng TV every now and then that will create an artificial demand for those TVs hanggang sa magstop na lang bigla at ayun pag nagstop bigla magcocost cut at mawawalan na ng mga trabaho ang mga tao doon. Di lang ito sa TV, palitan nyo na lang iyong TV ng iba't iba pang mga business sectors.

And since we are one big economy, apektado ang Pinas at dadaan tayo sa recession.

[tidus1203]

Yeah tama ka Gabzilla121005

Americans have created artificial demand across different industries via artificially easy credit. Puro utang to buy stuff. Now the world suddenly just woke up with those gone and to be honest I would say na dapat the world has to adjust to a more sustained demand. Not demand created by cheap money, but demand created by real growth.