Pinoys join ‘paluwagan’ to ease financial crisis

The current global financial crisis has seen the economies of many developing countries crash. In Austria alone, the inflation rate has risen.

Austrian Economic Chamber of Commerce expert Margit Schratzenstaller mentioned in the state-owned radio station here that the economy will go down to 0.5% lower than that of the present inflation rate.

For Filipinos in the country, this means, they have to tighten their belts more. Prices of basic commodities, diesel and gas, transportation fees and others will surely increase.  Read more…

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