Global recession will definitely affect the Philippine economy in 2009! Are we prepare enough?

I. The Recession

THE current episode of the US financial crunch is expected to drag the entire global economy into recession.

The International Monetary Fund (IMF) says the US economy may shrink 0.7 percent by the end of the fourth quarter of 2008, while growth in other centers of capitalism such as Europe, Japan and Canada would substantially slow down to 0.9, 1.4 and 1.3 percent, respectively.

Broadly speaking, recession refers to the fall in economic activity. It is a phase often technically measured as two or more consecutive quarters when the growth rate of the gross domestic product (GDP)—the total production of goods and services of an economy—is negative.

Expert says that the Philippines will definitely feel the impact of the US crisis-lots of job may be lost and the country's capacity to borrow will suffer. *source Philippine Daily Inquirer http://services.inquirer.net/print/print.php?article_id=20081101-169734


II. The Solution

Some businesses seem to strengthen in times of recession. When the economy starts to slow, people start looking around for ways to cut back on expenses, and they give up the frivolous items in favor of the basics.

Despite the recession, the health and wellness industry is swelling with opportunity. Health care is more expensive than ever, and the health care community provides more services than ever. And, as the baby boomers age, the market promises to grow ever larger for products and service that help people live longer, live more comfortably, and live more enjoyable in old age. While you may be likely to come up with some astounding new medical breakthrough in your garage, you may be able to profit from by establishing a delivery service or selling health care products that will generate hefty revenues.

As we said, people don't cut back on their intake of food just because a recession is underway. Instead, they will cut back on the fancy stuff and take a renewed look at how the basics can be made to satisfy their need for variety. A fresh fruit and vegetables always look good. If you have at least a small plot of land you can grown enough food to make a surprisingly good living.

Death is another part of the life cycle that isn't going to stop for a recession, and a well-run funeral parlor will weather the economic storms.Plumbing, electrical, roof repair, termiting and other vital home repair functions will continue to thrive in periods of recession. If homeowners put off maintenance and repairs, it only means that ultimately they will pay a higher price for a greater amount of work.

In bad times, there are always ways to thrive, if you are perceptive and agile. Never feel that because a recession is under way that there are no opportunities open to you.


III. Start a Business
Did you know that many Filipinos in abroad are loosing their job because of the global financial crisis?

What will happen to their family here in the Philippines if they loose their job in abroad?

How much are you willing to help your relative and friends who is in abroad?

This is where you come in. Through Homebasedtrabaho.com you can help them by starting to generate your own income. It offers an alternative recession proof business for every Filipino especially in times of crisis.

Visit http://www.homebasedtrabaho.com/ and apply now!