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Philippine remittance economy hit

About eight million people in the Philippines – or one in 10 adults – work abroad.

Millions of families depend on the money these overseas contract workers send back.

But now a crisis is looming with the global financial downturn cutting jobs around the world.

Thousands of overseas workers have already lost their jobs overseas and many more are at risk of being sent home.

Chain of dependency

Rowena is a softly spoken young woman of 28.

She went abroad to work to raise money for her brother’s schooling and her own future.

But she has just been sent home from Taiwan – seven months into a two-year contract in a factory there.

This article was originally posted on BBC News. Click here to continue reading the complete article

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