Ziggurat Real EstateOFW Remittances & The World Bank Report: Sustaining the Mid-Income Residential Market
https://www.zigguratrealestate.ph/post/ofw-remittances-the-world-bank-report-sustaining-the-mid-income-residential-market
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OFW Remittances & The World Bank Report: Sustaining the Mid-Income Residential Market
A newly released World Bank Human Capital Review highlights a critical data point: OFW remittances continue to contribute roughly 8.5% to the Philippine GDP. While inflation has fluctuated, this steady flow of foreign currency remains the "safety net" for the mid-income residential sector.