PH protected against ‘Brexit’ volatility, BSP says

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BSP Governor Benjamin Diokno noted that only a small fraction of long-term equity investments that enter the country originate from the United Kingdom. | daxINQ

However, the emerging view is that while the withdrawal of the United Kingdom from the EU poses no major threat to the EU’s overall economic performance, it may still affect countries with the strongest economic links with the United Kingdom, he said.

Meanwhile, overseas Filipino remittances from the United Kingdom held a 5.1-percent share in the total remittances for the January-November 2019 period.

 

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