Overseas Filipinos defy gloomy expectations, remit $33.2 billion in 2020
Feb 15, 2021, Ralf Rivas MANILA, Philippines Remittances of overseas Filipinos contract by only 0.8% in 2020, beating economists’ expectations Despite mass layoffs worldwide, repatriations, and lockdowns, remittances of overseas Filipinos (OFs) fell by only 0.8% in 2020, as workers found ways to send home much-needed funds to help support struggling loved ones in the…