Read this in The Manila Times digital edition.
REMITTANCE growth has been slowing but the money being sent home by overseas Filipino workers (OFWs) continues to fuel domestic consumption, Hongkong and Shanghai Bank Corp. Ltd. (HSBC) said.
In a report on Friday, HSBC Global Research noted that with OFW deployment having declined since 2015, the resulting weaker remittance growth could lead to possible adverse impacts on the economy.
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