Remittances from the millions of Filipinos working abroad rose strongly in September from August, data from the country’s central bank showed, contributing to upbeat forecasts for the economy.
But with the Gulf accounting for more than half the number of Filipino workers hired abroad last year, they are unlikely to escape the slowdown unscathed. At the same time, buoyancy in other markets is expected to boost remittances growth and keep the overall economy on track for expansion this year.
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