Is the Philippines heading for a recession?

[ghosthunter]

the world is heading to recession bec. technology has made obsolete so many types of jobs.

just like your's?

[CVT]

GM resurfaced?.... Hhhmmm.....

8101:oops2:

[ghosthunter]

GM resurfaced?.... Hhhmmm.....

8101:oops2:

note the message in the post

[uls]

wow, he's been "monitoring and analyzing"

[c_cube]

masyado marami lang nagkukuripot ngaun saka nag-cocompute. the thing is if they do this all througout their lives, talagang hindi mag-iimprove buhay nila.

as i have been saying over and over since january, the world stopped bec. wala na excitement ang tao bilhin. that's the real culprit. technology has made our lives too efficient kaya wala na gano desires/wants.

pero ako alam ko future trend hehehe. kaya nawala ako dito sa tsikot for so many months. been monitoring and analyzing. no sense investing in technology. darating na ang panahon ang isang laptop ay katulad na lang ng regular calculator. puwede mabili ng tig 2k bec. that is essentially the new calculator dala na din ng bagong computer generation.

the world is heading to recession bec. technology has made obsolete so many types of jobs.

sakit sa ulo nito

[ghosthunter]

pero ako alam ko future trend hehehe. kaya nawala ako dito sa tsikot for so many months. been monitoring and analyzing. no sense investing in technology. darating na ang panahon ang isang laptop ay katulad na lang ng regular calculator. puwede mabili ng tig 2k bec. that is essentially the new calculator dala na din ng bagong computer generation.

LOL! ... when the investment experts say we should "invest into technology", they didn't mean for you to buy a bunch of computers and other electronic goods and then wait for their resale value to appreciate.

[uls]

maybe he bought a lot of expensive machines then a few months later newer machines came out that cost much less but were able to do the same thing the more expensive machines can...

he can't make ROI tuloy

kaya give up na sya sa pag invest sa technology

lugi eh

[loidch]

well at least the WB says so....now its official.

how can people spend when almost all of their saving are already wiped out?

i guess the idea of a recovery scenario will bust sooner or later, babalik ang second wave of gloom.....haaaay

[uls]

yep, there's actually very little recovery

the only thing that happened is the global financial system didnt collapse

that's it

the patient did not die

but the patient is still on life support

[uls]

Philippines Posts Budget Deficit as Spending Rises
http://www.bloomberg.com/apps/news?p...d=apHDQOWVN8iU

June 23 (Bloomberg) -- The Philippines posted a budget deficit in May as the government increased spending and revenue faltered amid slowing economic growth.

The shortfall of 11.4 billion pesos ($234 million) widened the five-month deficit to 123.2 billion pesos, Finance Secretary Gary Teves told reporters in Manila today. Spending increased 15.8 percent in May from a year earlier and revenue fell 2.5 percent, Teves said.

Economic growth slowed to a decade low of 0.4 percent last quarter, hurting businesses and consumers and crimping tax collection at a time when the government is trying to spend its way out of the slump. The Philippines on June 10 widened its 2009 budget-deficit forecast a third time this year to 250 billion pesos from 199.2 billion pesos.

“The government needs to maintain its spending to boost the economy but there is a cost to it,” said Arlene Agustin, treasurer at GE Money Bank Inc. in Manila. “We are prepared for a risk of yields on government bonds going up” as the nation raises more debt.

The Philippines may sell as much as $1.5 billion of yen- denominated bonds to fund the government’s widening deficit, Teves said on June 17.

The government plans to spend 1.489 trillion pesos in 2009, less than the 1.495 trillion pesos it estimated earlier, according to a summary of the government’s fiscal program provided by Finance Undersecretary Gil Beltran on June 11.