Despite global downturn, Filipinos send more money home

The Philippines’ largest dollar earner has constantly been the money sent home by overseas Filipinos, many of whom send nearly all they earn to their families.  Despite a global economic downturn and the Euro crisis, overseas Filipinos send $11.3 billion from January to June this year, up 5.3% from last year.  The only sign of the global economy: the rate of growth of remittances is slowing.

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