“Despite the challenges brought about by the pandemic, remittances remained resilient. Based on the results from the model simulated for our first objective, it showed that remittances actually cushion GDP, consumption, and national savings in hard times. Literature also showed how Filipinos send more money in times of distress to help households cope.” ... continue reading
Remittances are funds transferred by migrants to their home country or private savings of overseas foreign workers (OFWs) spent within their home country. Many developing nations, including the Philippines rely on remittances as a source of funds that form part of the country’s overall domestic production or Gross Domestic Product (GDP). Generally, OFWs send more ... continue reading
This post was last edited on 2015-12-23 14:05:05 CRC Director for Research Dr. Bernardo Villegas gave members of the diplomatic corps a preview of the possible economic scenario in the next administration at the “Philippines Beyond 2016: Economic Briefing for Diplomats” held on October 2, 2015 at the University of Asia and the Pacific. Presenting ... continue reading
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