clipped from: www.abs-cbnnews.com   
Looming US recession will have worse impact than 1997 Asian crisis: economist

Expect the coming months to be tough, warned an economics professor. And the tough times may start next month.

"It's going to be a hard year for us. Everyone will be affected. And the hurt will be deepest among the low-income families," Ernesto Pernia, a professor of economics at the University of the Philippines and former economic chief at the Asian Development Bank told abs-cbnnews.com/Newsbreak in an interview.