Mr Lee Posted February 13, 2009 Posted February 13, 2009 Things here will probably get a lot worse than predicted IMO. Slowing remittances key risk to RP http://business.inquirer.net/money/topstor...-key-risk-to-RP Link to comment Share on other sites More sharing options...
TheMason Posted February 13, 2009 Posted February 13, 2009 Things here will probably get a lot worse than predicted IMO. Slowing remittances key risk to RP http://business.inquirer.net/money/topstor...-key-risk-to-RP Has anyone come across a story with the December and year-end remittance numbers? I've been keeping an eye out for them but haven't seen anything yet.I really hope the economy here grows more than 2-3%. It grew at about 3 times that rate in 2008 and a million more Filipinos fell below the poverty line. I shudder to think what 2-3% is going to do to people. Link to comment Share on other sites More sharing options...
Forum Support Old55 Posted February 13, 2009 Forum Support Posted February 13, 2009 In 1960, the per capita GDP (Gross Domestic Product) for each Filipino ranked as the 50th richest country on the planet. By 2005, 120th on average. Link to comment Share on other sites More sharing options...
chimellie Posted February 14, 2009 Posted February 14, 2009 Maybe the dollar will go back to 50 Pesos . Bad for the local people but good for Expats. Link to comment Share on other sites More sharing options...
BobNChe Posted February 15, 2009 Posted February 15, 2009 In 1960, the per capita GDP (Gross Domestic Product) for each Filipino ranked as the 50th richest country on the planet. By 2005, 120th on average.Well during that time the population grew by 333%, yes more than tippled. Comparatively the US population grew by about 52% during the same time period. A synopses of the history of the economy here.http://www.nationsencyclopedia.com/economi...OF-ECONOMY.html Link to comment Share on other sites More sharing options...
tom_shor Posted February 15, 2009 Posted February 15, 2009 Well mine haven't slowed. :540: So I am doing my part for the economy and hleping the ones I love. All thanks to my lucrative work for food franchise I purchased from a wino for two Colt 45's and a half smoked stogie. Link to comment Share on other sites More sharing options...
Mr Lee Posted February 17, 2009 Author Posted February 17, 2009 Things here will probably get a lot worse than predicted IMO. Slowing remittances key risk to RP http://business.inquirer.net/money/topstor...-key-risk-to-RP Has anyone come across a story with the December and year-end remittance numbers? I've been keeping an eye out for them but haven't seen anything yet.I really hope the economy here grows more than 2-3%. It grew at about 3 times that rate in 2008 and a million more Filipinos fell below the poverty line. I shudder to think what 2-3% is going to do to people. OFW remittances hit $16.4B in 2008I will bet that this year will not be as good. Remittances from overseas Filipino workers climbed to $1.4 billion in December, the Bangko Sentral ng Pilipinas (BSP) said on Monday.The latest figure took remittances in the whole of 2008 to $16.4 billion, up 13.7 percent from 2007 and above the BSP Link to comment Share on other sites More sharing options...
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