energized by high military spending and low unemployment The economy was stimulated by the war and the military's need for many goods and services. Many jobs were created as military contracts stimulated demand in thousands of factories.
The economy of the Philippines is always changing, sometimes the economy is high, sometimes the economy is low. About the Global Crisis, the economy of the Philippines is rising sometimes but a little only, but when it goes down, either the economy goes down very low, or goes down a little low.
The standard of living in the Soviet Union was extremely low, mainly due to the destruction caused by World War 2 (The Great Patriotic War), but also due to communist management of the economy. The standard of living increased steadily following the war.