Richard Amoah
Joined May 2022
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Remittances: The Driving Factor behind the Filipino Economy
Overseas Filipino Workers, commonly known as OFWs, are the most significant contributors to the economic development in the Philippines. The funds they send back home in remittance enable their families to pay for essential items such as school, food, healthcare. This expenditure is referred to as domestic consumption and is a crucial factor influencing the country’s gross domestic product (GDP).
By Richard Amoah2 years ago in Trader