BusinessWorld E-paper
June 15, 2023
REMITTANCE GROWTH is expected to ease in the Philippines amid expectations of a global slowdown and a downtrend in migration, the World Bank said.
“Remittance inflows to the Philippines, which account for about 48% of the total remittances to East Asia and the Pacific Islands, excluding China, are expected to grow by about 2.5% to reach $39 billion in 2023 and $40 billion in 2024,” it said in its latest Migration and Development brief.
