Global Economic Crisis To Become More Intense This Year

Global Economic Crisis is really a big problem and if this continues, what will happen to us? Many companies either big or small, local or international have started to reduce the number of their employees. Recession here, there and everywhere has started and many people have lost their jobs. If this economic problem persist, many people will become jobless.

Investors either local or foreign were encouraged by the government to invest here in the Philippines. They were encouraged to put up or established a business here because the more business means the more jobs will be available for people.

This economic meltdown is really devastating. More and more companies are shutting down and declaring bankruptcy and resulted to the loss of hundreds of jobs for their employees. Without jobs, how can we help our families survive?

Money is indeed important to all. It is a necessity. Without money we can’t survive right? That’s why we have to work to earn it. But with economic dilemma like this then how can we go on with our lives?

Many companies like Philamlife have said that they will still continue to provide their customers and distributors with the highest level of service. They have assured that there will be no problem concerning about their funds and that they are financially sound or secured even if ther mother company is AIG who has it’s own financial issues.

Customers/Investors should really not lose the trust and confidence they have built in with the company where they have invested their money. And as for the companies either big or small must reassure their customers/distributors/investors that they’re well-capitalized and have back-up plans to make sure that they can still continue to provide and meet their needs.

Global Economic Turmoil

The whole world was shocked after Lemman Brothers’ declaration of bankruptcy in the United States. Many banks, stockholders, clients all over the world who have investments/stocks/money on Lemman Brothers were confused and worried. And now what? Many countries have declared that their economy is going down like U.S.A, Kuwait, Lebanon, Germany, Japan, South Korea, Russia, France, Hong Kong, Europe, Indonesia and many others. Stock market all over Asia and Europe is falling! I can’t believe these things are happening..This global economic dilemma that we are facing is really devastating. What’s gonna happen to us if this continues?

Money Crisis! Credit Crisis! Financial Crisis…these sayings are common to poor families in my country. More Filipinos are suffering poverty. It is indeed that we are going to celebrate Christmas and welcome the new year dry! no celebration, no food on the table, no money on your pockets….just you and your family waiting for nothing….

If the economy continues to fall, many people will lose their jobs. OFWs (Overseas Filipino Workers) will be forced to go back to their homeland. Call Centers in the Philippines will be pulled out and thousands of Filipino call center agents will lose their jobs. Recessions in U.S, Singapore and in other countries is really devastating. People around the world are very much affected. Tribulation has started and we must prepare ourselves…