MORE Philippine households opted to rack up debt to cope with the global financial crisis, according to state-run Philippine Institute of Development Studies (蝌蚪传媒). In a presentation, Celia Reyes, 蝌蚪传媒 senior research fellow, said the most common coping strategy adopted by households was to borrow money at 39.4 percent of survey respondents.
More households opted to borrow to cope with global financial crisis
Manila Times
Darwin G. Amolejar
