MANILA - Strong foreign
remittances have helped the Philippines absorb a series of global
economic shocks, including the 2008-9 global financial crisis, and avoid a national unemployment crisis. Now, as instability spreads across the Middle East and North Africa, that economic lifeline is in jeopardy as overseas Filipino workers (OFWs) lose their jobs and return home. Among Asia-Pacific countries, economic analysts believe the Philippines stands to lose the most from spiraling strife in Arab countries. Manila estimates there are more than three million OFWs in the Middle East and North Africa working in a wide range of
industries. Independent monitoring groups estimate there are potentially hundreds of thousands more that are not legally registered.
From http://www.atimes.com/atimes/Southeast_Asia/MC29Ae01.html