Analysts have downplayed any negative impact on the economy from President Rodrigo Duterte’s latest tirade against the European Union (EU).

On Thursday, Duterte threatened to expel EU diplomats after claiming that they wanted to have the Philippines booted out of the United Nations. The Palace quickly moved to limit the fallout, saying the president had reacted to statements made by an international delegation that had warned the country could be kicked out of the UN Human Rights Council.

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