Remittances from overseas Filipino workers (OFW) are seen to accelerate by over 8 percent this year on the account of the improving global economy, particularly in the United States and Europe, Standard Chartered Bank said.

“We expect remittance growth to accelerate in 2014 from the 6-percent print in 10 months 2013,” the bank said in a report titled “Philippines—Remittances get an external boost.”

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