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Impact of Remittances on the Philippines Economy

Impact of Remittances on the Philippines Economy

The Philippines: Remittance and Economic GrowthThe world's 32nd largest economy, the Philippines, has been one of the most dynamic in the East Asia Pacific region. Its average annual growth moved up to 6.4% between 2010 and 2019 from 4.5% between 2000 and 2009. Such an economic rise has been possible due to a growing middle class and a large and young population.  The Phi...

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