BusinessWorld E-paper
December 02, 2022
REMITTANCE INFLOWS to the Philippines are expected to rise by 3.6% this year, the World Bank (WB) said, but it sees growth slowing in 2023 as a looming
global economic slowdown is likely to weigh on overseas Filipino workers’ (OFWs) ability to send more money home.
On the other hand, Bangko Sentral ng Pilipinas Governor Felipe M. Medalla said he expects OFW remittances “to be 4% to 5% higher (in 2022) than
last year.”
