Looking forward to 2010
Posted by butalidnl on 30 December 2009
I am not one to make New Year’s resolutions. So, I will just make projections of what I think will happen in the coming year.
The Philippine peso will appreciate to around PhP32:$1 by the end of the year. BPO income and remittance will be strong during the whole period, and of course, the elections will help to raise the exchange rate of the peso.
The US economy will not really recover, although it is nominally out of the recession. Unemployment will remain high.
Oil prices will exceed $100/barrel. This will be due mainly to the growth in consumption in places like China and India, but also due to production problems in some other places.
Noynoy Aquino will win in the presidential elections. The CPP and its above-ground organizations will be in disarray, as a result of internal struggles; perhaps it would split.
No climate-change deal among governments will be made during this year, inspite of valiant attempts at doing so.
Iran will have a change in government, probably into a toned-down theocracy (i.e. much more democratic). Big strides will be made in the Israeli-Palestinian peace process, but peace will not yet be attained.