Filipinos should brace for future shocks

The dismal  performance of the Philippine economy and the not-better-than-expected gross domestic product (GDP) growth at 3.4 percent for the second quarter (Inquirer, 9/1/11) were not surprising.

Such external factors as the tsunami in Japan and the Middle East turmoil were some of the underlying reasons that aggravated the already volatile and fragile economy of the world, the Philippines included.

The looming economic recession in the United States and the ongoing Eurozone financial crisis could further put a strain on the economic performance and development of our country in the next two years.

We should brace ourselves for more future shocks. Filipinos should unite as one and rally behind the government in the face of all these political and economic uncertainties.

—PEDRO REFUERZO JR., 6737 Taylo St., Makati City