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This is the time of the year when people spend more money to celebrate the Christmas season. The last three months of the year will be a hectic pace for most people planning reunions toward the end of the year and organizing their travel options, and those finalizing their list of gifts and presents for the yuletide.

Growth in the Philippines and this part of the world and the feared recession in the West are a clear case of juxtaposition. The pessimists will echo the dire warnings of market analysts that the world economy is about to enter a period of recession, while the optimists will look at the glass as half full.

President Ferdinand Marcos, Jr. just returned from a very fruitful trip to the United States which was highlighted by his first ever one-on-one meeting with US President Joseph Biden and his address before the United Nations General Assembly. In his remarks, the President said that he considered his “trip successful…and overall I am satisfied with the work that we have done.”