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Philippines sees Ukraine conflict with “temporary” impact on economy

A worker installs steel bars at a construction site in Paranaque City, Metro Manila, Philippines May 29, 2018. REUTERS/Romeo Ranoco

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MANILA, March 15 (Reuters) – The impact of the Russia-Ukraine conflict on the Philippine economy is likely to be temporary, Economic Planning Minister Karl Chua said at a news conference on Tuesday.

“We have very strong domestic growth potential. Unfortunately, we face global headwinds…but we have a very strong domestic economy that can withstand it,” he said.

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Reporting by Enrico Dela Cruz Editing by Ed Davies

Our standards: The Thomson Reuters Trust Principles.

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