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Philippines sees Ukraine conflict having 'temporary' impact on economy

Philippines sees Ukraine conflict having 'temporary' impact on economy

FILE PHOTO: A worker installs steel rods at a construction site in Paranaque city, metro Manila, Philippines May 29, 2018. REUTERS/Romeo Ranoco

MANILA : The impact of the Russia-Ukraine conflict on the Philippine economy is expected to be temporary, Economic Planning Secretary Karl Chua told a media briefing on Tuesday.

"We have a very strong potential to grow in the domestic front. Unfortunately we are facing global headwinds...but we have a very strong domestic economy that can withstand that," he said.

(Reporting by Enrico Dela Cruz; Editing by Ed Davies)

Source: Reuters

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