The Foreign & Commonwealth Office have just published a very good report about the impact of the global economic turbulence on SE Asia. It considers the position on all the countries in SE Asia, including The Philippines. The report starts by likening the Greek potential debt default and the global economic situation to two dogs.
“Imagine two dogs barking at SE Asia; either may bite. Greece’s potential debt default is akin to a Yorkshire terrier, fierce, noisy, and at the centre of attention. A nip hurts, but is not fatal. The risk of a Western double-dip is the Alsatian. Muzzled for a while, threatening once more, and a bigger threat to SE Asia.”
There are several performance charts and a comprehensive collection of statistics and assessments.