Central Luzon eyes quick, sustained economic recovery
Philippine Information Agency
13 May 2021, 18:38 GMT+10
CITY OF SAN FERNANDO, Pampanga, May 13 (PIA) -- Central Luzon is eyeing a quick and sustained economic recovery to cope up with the losses brought by the COVID-19 pandemic.
National Economic and Development Authority (NEDA) OIC-Regional Director Agustin Mendoza underscored the need for a V-shaped rebound as Central Luzon's economy posted a highest contraction of -13.9 percent among other regions in terms of growth rate for 2019-2020.
"It is exceedingly necessary to reinforce our policies and interventions to ensure that the economy will not drop and shall be able to cascade to all the windfalls of robust and lasting recovery," he said.