Top 5 Reasons Why Filipinos – Especially OFWs – Should Care About Brexit

Worst Case Scenario, How Can U.K.’s Decision to Leave the EU Possibly Affect the Philippines?

Although economists have reassured us that the Philippines would be not be greatly affected by U.K.’s decision to leave the European Union, some netizens expecially Overseas Filipino Workers based in the U.K. cannot help but speculate what would happen in the worst case scenario.

#Brexit has taken social media by storm, not just in the U.K. but the world over. Even celebrities took to the internet to voice out their support or misgivings about the move. Even Filipinos have expressed their opinion on the matter, in varying degrees of seriousness.  Check out the following infographic to see the possible effects if U.K. economy falters and if it tightens it immigration laws:

brexit

Do note that the above are remote possibilities. The Philippine economy has been on the rise, and economists are confident we will weather any possible effects of Brexit. Let’s hope for the best for Overseas Filipino Workers not only in the U.K. but all around the globe.

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Written by Kash Avena

Kash has been with Loansolutions.ph in marketing and business development roles since 2014. Now based overseas, she is happy purveyor of financial literacy for OFWs and their families.

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