Remittances from overseas Filipino workers will drive the Philippine economy further this year as the peso’s weakness, viewed apart from its negative impact on inflation, should boost the value of the dollars sent back home by the OFWs, analysts said.

The money received by families of the Filipino workers abroad should also sustain robust growth in the country’s gross domestic product (GDP) on the back of what the government sees as stable demand overseas for Philippine labor skills.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details