Crisis in the Philippines

The Philippines is now suffering the biggest blow brought by the economic recession in the US. The remittances of the filipino overseas workers was not enough to improve our economy and to prevent the effect of the crisis.

The high rate of unemployment continue to increase, the same with the price of basic commodities. There is also a widespread of poverty and malnutrition in the country.

To cope up with the daily expenses, some people pawned their precious belongings to be able to survive.

Considering that our country is still not yet in recession, the government should do something to save the failing economy. Hopefully, there will still be a rainbow after the rain.