financial analysts have a fidicuary responsibility to prepare and report accurate estimates. their is no more bias against the philippines than any other country, albeit it be a 3rd world or 1st world country. all countries are trying to manage through this global recession. as related to decines in gnp's, countries at the top have farther to fall than ones at the bottom. more jobs will be pushed to lower cost countries like china, india, and the philippines as a means of reducing costs. overall the global free markets will determine where goods and services are produced. absent the effect of tarriff effects.