
The possibility of a recession in the economy of the United States is the center of attention these days in the global scene. And with a good reason, because a recession in the biggest economy in the world will have far-reaching effects in the economies of the world. But even with this slowdown in the United States economy, many countries like China are still experiencing tremendous economic growth. You can add the Philippines to that list.
The Philippines economy surged 7.4% in 2007, which is the fastest growth in 31 years! For those with bad math skills, that’s since 1976! Wow. Well since I became interested in the state of my home country about two years ago, this is probably one of the best news since then. The economy grew 5.4% in 2005 and 5.5% in 2006.





