The National Economic and Development Authority (NEDA) on Tuesday said the Brexit will have minimal direct effect on the Philippine economy, but that the country would have to be watchful for indirect effects coming from the impact on the European Union (EU) and the wider global economy.
In a statement, NEDA downplayed the impact on the Philippines of the exit of the United Kingdom (UK) from the EU, citing the country’s strong macroeconomic fundamentals.
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