Asia Pacific Fund manager Do believes the economic recovery in the Philippines will continue.

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"Our colleagues at Fort de France, Martinique have worked closely with us, informing us of progress at every stage of this recovery, " said Falmouth Coastguard Deputy Watch Manager Peter Ritchie.

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"This is not five-star accommodation, it simply gives patients basic privacy and independence which aids recovery, " said Vivienne Mowatt, a senior manager of the redevelopment programme.

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"I am not a doctor, nor am I a medical historian, but these injuries are very difficult to recover from after one surgery, and I'm not sure what the history is of recovery from a second more or less identical surgery, " general manager Sandy Alderson said on a conference call.

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As Paul McCulley of Pimco, a giant bond manager, points out, the bulls who argue for a V-shaped recovery need to be careful what they wish for.

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