Filipinos spend, despite global crisis
Despite the financial crisis that has rocked the entire globe, “Filipino consumers remain upbeat” the latest Nielsen report revealed Thursday.
We are one in only seven countries, out of 51, that did not have a drop in consumer confidence this year. Filipinos continue to be optimistic about employment, finances and spending, the Nielsen consumer confidence index pointed out.
And yet, 67 percent of Filipinos believe that the country is in recession. And 43 percent say the Philippines will not weather this crisis.
What’s up with that? We think the Philippine economy is in trouble, and yet we continue to …read more
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