Technically speaking, the Philippines is not in a downturn, such as other countries. The Philippine market surely didn’t have a negative increase in 2008 and at the first quarter of 2009 (jury remains out to its next quarter of the season ), but there’s been barely any growth in any way. The initial quarter 2009 GDP increase was significantly less than.5percent while the World Bank forecast an in-state decrease of.5percent to the entire of 2009. Scary thought! But without or with these forecasts, it can’t be denied my nation, and the rest of the nations, had been impacted by this catastrophe. Here are a few of the impacts of the global downturn in the Philippines.