What can you say 'bout Philippine economy nowadays?
By m18j7crystal
@m18j7crystal (184)
2 responses
@cristine3276 (893)
• Philippines
28 Jun 08
I believe that the Philippine economy is not performing well nowadays. The prices of gas, rice, meat and other basic commodities are skyrocketing This will yield a higher inflation rate. A high inflation rate is an indicator of a bad economy.
@m18j7crystal (184)
•
15 Jul 08
Hi there...How would inflation occur when there is a low demand for basic commodities? Inflation would happen if there is a high demand of basic commodities and if there's lots of money that is circulating in the industry. Good day...
@Browisn (782)
• United States
28 Jun 08
Well I don't know if it's because the philippine economy is doing good or the US economy is getting bad but the Peso exchange rate is down to 44 pesos per US dollar. And that is not so good when we are trying to send money to relatives in the PI. lol.
