Global recession is no longer new to us; we heard that this is going to happen any moment from now. Accordingly this will occur if the US economy continues to weaken leaving other countries vulnerable to economic crunch. Hmm we could not deny the fact that all nations around the world rely mostly on US for their growth. The Philippines for example is dependent to US as its biggest trading partner. If recession will worsen the supposed goods of the Philippines that is to be shipped in the US will ceased. Result?, virtually no trade will occur. What a bad scenario right? Today investors around the world are anxious and many of the major stock markets like Straight Times (SG), Topix (JP), All Ordinaries (AU) and HangSeng (HK) slumped to their biggest losses this year, Even the Phisix of the Philippines suffered. We clearly see the domino effect of this crisis and what’s worst? We the income earner will surely be affected. Anyway good luck to us all! Adios!
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