Since the early part of the year, the country experienced the resurgence of the value of the peso...in fact it was one of the major "accomplishments" of PGMA...


But recently, the peso is losing its value again vis-a-vis with other currencies especially with the US dollar.



The last time the value of the Philippine peso slipped big time was after the Asian Financial Crisis (1998).


What are the reasons why the peso is losing its value again?



History will tell us, that the depreciation of the peso triggered a slowdown in our economy in 1998. Will it again result to a recession in the philippines today and the next few years?