Most of the economists in the Philippines held their breath as the result of the 1Q 2009 national accounts showed that the Philippine economy is in the brink of recession. The first quarter output was pegged at 0.4 percent due to the global financial crisis, the National Statistical Coordination Board. More of the story here .
And I thought we are on our way to recovery as signs of stock market rally was seen in previous week coupled by the appreciation of the peso, although external trade data says we are far from recovery. Would there be a buying spree for blue chip stocks again? Are we yet to see the bottom now? We shall all find out in the days to come
