JP Morgan sees flat growth for OFW remittances
Tuesday, January 13th, 2009CONTRARY to the Bangko Sentral ng Pilipinas’ (BSP) forecast, remittances from overseas Filipino workers (OFWs) will post flat growth this year due to the weak global economy, according to JP Morgan. “We expect remittances to see flat growth in 2009 on the back of the very weak global economic backdrop. Nonetheless, ...