Philippines sees Ukraine conflict having ‘temporary’ impact on economy

March 15, 2022 - 2:42 PM
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A man passes in front of a billboard against the war as Russia's attack on Ukraine continues, in Bucharest, Romania, March 14, 2022. (Reuters/Edgard Garrido)

 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 CruzEditing by Ed Davies