MANILA, Philippines - Nearly nine out of 10 Filipinos see worse times in the next six months due to the global economic crisis, while six of 10 do not expect government to deal with the crisis well.
These were the highlights of a survey conducted on some 1,500 respondents last January by militant think tank IBON Foundation.
"As the country faces uncertainty in the face of the global economic downturn, the latest IBON survey shows that majority of Filipinos doubt that the administration will be able to address the crisis well," IBON said on its website.
It said the survey shows that out of the 86.2 percent respondents who were aware of the global crisis, 61.41 percent said government would not deal with the crisis adequately in the coming six months. Only 4.56 percent said it will deal with the crisis well, while 32.64 percent had no answer.
Worse, IBON said 87.94 percent of the respondents believe that the crisis would worsen their family's livelihood or income in the first half of the year. Only 9.13 percent said the crisis would not have any effect, while an even fewer 1.7 percent believe their situation will improve.
IBON said its survey was conducted from January 7 to 16, 2009 across various regions and sectors nationwide, with a margin of error of plus or minus three percent. - GMANews.TV
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its interesting how much we filipinos have become so used to "hard" times that we actually find ourselves smiling through them. yeah, times are hard... but life goes on... oh by the way, Pinoy Money Talk is a forum where you can find how other filipinos are weathering the tides financially...
ReplyDelete~the earning student