One of the reasons why a recession is about to happen (i.e. negative growth) is that growth in raw materials can't keep up with demand - predominantly from china.
This essentially shifts the focus of the economy into playing catchup with demand.
As fred has pointed out, this makes PI as one of the winners from the 'global recession' since it will create jobs in mango production, as well as various metals etc. Obviously this needs a decent government in place, but its not something I'd bet against (i.e. peso is only going to get stronger)
