By Luisa Maria Jacinta C. Jocson, Reporter
THE ONGOING Israel-Iran conflict may hurt remittances from Middle East-based overseas Filipino workers (OFWs), as well as increase volatility in oil prices that may stoke inflation, analysts said.
“This might be exacerbated by the potential effect on Filipino OFWs. While in the past, alternative jobs were explored by Filipino contract workers outside the war zone, still any serious outbreak of a war could definitely make a dent on workers’ remittances,” Diwa C. Guinigundo, country analyst for the Philippines of GlobalSource Partners, said in a Viber message.
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