US Credit Rating dipped

@Neriz69 (1042)
Philippines
August 9, 2011 10:05pm CST
USA is in again for another crisis. And when they are in trouble, expect that the Philippine economy will also be affected. Though on the bright side, experts are saying that it's the start of the shift of the world economy to Asia. Although I'm sure that the USA will be able to bounce back in no time. America is America. Im hoping for the best in their economy because they have been very good to us Filipinos.
2 responses
• Philippines
11 Aug 11
I am confident that U.S. will be able to bounce back and World Bank did not increase the interest rate for their loans for two years. I think this is a good move to increase confidence of investors. Many small countries like the Philippines will be affected by this dip in rating because we have millions of OFW's working in the U.S. and some businessmen who market their products in the U.S.
@gelay07 (589)
• Philippines
10 Aug 11
i know we will be greatly affected by the economic crisis of the U.S.A. my sis who is a PT in the U.S. sends us our monthly allowance. I already started to save up for the coming months and also told my mom to do the same. I hope it will not get worse and the U.S. would find an earlier solution to this problem. God Bless America