Ukraine war to slow PH growth

By Anna Leah E. Gonzales

May 04, 2022 12:30 am

THE Philippine economy is expected to further grow this year but at a slower pace than what the government originally targeted due to the effects of the Russia-Ukraine war, Trade Secretary Ramon Lopez said.

'The earlier projection for this year should have been about 7 to 9 percent and this growth rate projection has been tempered down. I think we're back to the initial projection of about 6 percent for this year,' Lopez said in a television interview on Tuesday.

Ukrainian activists wearing dresses with the names of Ukrainian cities destroyed by Russians and bloodstains take part in a demonstration in front of the AFP headquarters in Warsaw, Poland on April 30, 2022. The protest was staged against the French Mulliez Group retail chains Leroy Merlin, Decathlon and Auchan, which are still doing business in Russia. AFP PHOTO

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