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As the 2007 global economic crisis unfurls, it is becoming apparent that no country could remain immune. While the Philippines had relatively less exposure to the crisis through the financial system, the country is vulnerable to the global economic slowdown through export earnings with the attendant effects, not only in export-oriented, value-added in industries themselves, but in industries across the entire value chain. In particular, the Philippine garments and textile industry with roughly 87% of total industry exports bound to recession-hit developed countries over the United States, EU, Japan and Canada will be very affected.

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Panel Bot Budgetg Brieferbudget Briefer

 

 

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finffacts in figures

Panel Bot Budgetg Brieferbudget Briefer

 

 

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finffacts in figures

Panel Bot Budgetg Brieferbudget Briefer