Expect the coming months to be tough, warned an economics professor. And the tough times may start next month.
"It's going to be a hard year for us. Everyone will be affected. And the hurt will be deepest among the low-income families," Ernesto Pernia, a professor of economics at the University of the Philippines and former economic chief at the Asian Development Bank told abs-cbnnews.com/Newsbreak in an interview.
The United States, a major destination of our export products and the host of overseas Filipinos whose dollars account for half of total remittances to the country, is facing a looming economic recession or growth slowdown.
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