source:
http://www.manilastandardtoday.com/?page=news1_may27_2008
The high oil and food prices are hurting the economic growth of many countries including the Philippines. The increase in food prices has weakened the local consumption and manufacturing, the soaring in oil prices has depressed our stock marcket. Businesses start scaling back expansion plans
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The increases in the prices of various commodities will certainly leave an impact on our economy. Whether or not we can adjust or recover depends on the people.
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