This video is a very educational for people who don't understand much of economics. This is very short, concise but true on what's happening on the largest economy with AAA credit rating downgraded to AA+ a few days ago.
So the saying is true "When America sneezes, the world catches the flu".
What about the Philippines? I do not know yet for the time being on the status of our country if we will be affected with the onset of this new illness springing up. But anyways, I will keep you posted for further post on this as a continuation.
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