Thursday, January 29, 2009

Who says the Philippines is not affected?

I hate it when I hear people saying that the Philippines is not affected by the global financial crisis. People from government predicted that the Philippines will not be severely affected ecause our economy is robust. Looking at the figures released by the department of labor and employment says otherwise:

Thousands of jobs were lost in the process.

Firms reduce working hours and cut jobs in order to decrease costs.

I guess the best way for us to do is to stop saying that the Philiipine economy is strong and start making measures to mitigate the result of the this crisis.

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