From Teetering to Regaining

Left and right we hear money managers say that the economy is set for a rebound after almost experiencing a national recession.  Although many - if not all, industrialized countries and emerging economies suffered recession, we were luckily spared.  As I was reading the business section of the Philippine Star yesterday, I saw an article which caught my attention.  Another green flag on the economy.  

Looking back, this was not the case about a month ago.  In a statement, Romulo Virola - senior official of the economic planning ministry said this “The Philippine economy is now teetering into recession.”  To which then Economic Planning Adviser and NEDA Chair Ralph Recto disagreed to.

I quickly checked the net and I found a very similar report, here it goes: (dear writer, pardon me for highlighting some words in the article)

(more…)