Recession
im not sure if i can say we're lucky in the philippines that we're not feeling the credit crunch as much as compared to most western countries. being in malls most of my working hours, i can say that people are still shopping. meaning, they still have money.
whereas in the uk, where my sister lives, the unemployment rate is shooting over the roofs! more than 1m people are out of jobs. well, probably we're used to people having no jobs here in the philippines so it's not news anymore. but then again, that means, our ofw's are affected as well. and i have read somewhere that if they lose their jobs, they will come home and add to our own jobless stats.
o dear! i hope the financial sector recovers soon. pronto. asap!
whereas in the uk, where my sister lives, the unemployment rate is shooting over the roofs! more than 1m people are out of jobs. well, probably we're used to people having no jobs here in the philippines so it's not news anymore. but then again, that means, our ofw's are affected as well. and i have read somewhere that if they lose their jobs, they will come home and add to our own jobless stats.
o dear! i hope the financial sector recovers soon. pronto. asap!
Labels: money money money
This entry was posted
on Sunday, 23 November 2008 at 06:24.
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