Commentary: Time to rethink Philippine economy’s reliance on remittances
Statele Unite
As remittances from overseas Filipinos slow down amid global uncertainties, the Philippines needs to develop new growth drivers, says an academic. QUEZON CITY: The Philippine economy’s strength has long been associated with robust inflows of remittances from overseas Filipinos. But there must be a critical re-evaluation of the role of remittances in economic growth and development, especially amid the 1 per cent tax that US President Donald Trump wants to impose on remittances from the US. The
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