Philippines sees Ukraine conflict having ‘temporary’ impact on economy

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)