Good news, Bad News
Dear Mouse,
Good news. GDP posted a growth rate of 6.20 percent in second quarter.
Cat sez: The number is up but it was
mainly due to election spending and increase
in cell phone usage. Besides,it falls short
of the required growth of 8 per cent in the
next two years in order to prevent the
country from singing—Don’t Cry for Me,
Argentina Philippines.
Bad news. The GNP growth rate declined from 6.5 per cent to 5.7 per cent. This was attributed to the decrease in the overseas workers’ remittance from 11.50 per cent to 3.3 per cent in the same quarter last year.
We have to acknowledge the fact that the UP economists who authored the white paper on debt crisis pointed out that these remittances are what stop the country from further sliding down to a more serious fiscal crisis.
And there are people who call these OFWs, toilet cleaners.
The Ca t
posted by cathy @ 8/30/2004 02:57:00 PM
4 comments
4 Comments:
uy may toilet seat picture ka na rin, ang galing naman. hehe.
sinong nagsabing toilet cleaners tayong mga pinoy na nagtatrabaho abroad (OFW)? si spiderman ko ang toilet cleaner, hindi ako. toilet user lang ako.
Let them call you what they want for all I care. You guys made a lot of difference. We could have died from hunger by now.
bhay,
the depreciation of the peso is dependent on the dollar
reserves of the country.
There are only two sources of dollars that bring about economic growth; export earnings and workers' remittances.
jay,
ako talagang naglilinis ng toilet pagkatapos kong gamitin.
titorolly,
hindi naman magugutom ang mga masisipag.
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