Latest Breaking News On - Libuyog said cordillera still has to do better recoup the economic condition it had before pandemic struck quot needs 3 6 percent more next year break even - Page 1 : comparemela.com
ECONOMIC CONDITION. Philippine Statistics Authority Cordillera Administrative Region Director Villafe Alibuyog reports on Thursday (April 28, 2022) that the region posted a 7.5-percent growth in its gross regional domestic product and expenditure. She said the growth was driven by three growth areas which included construction, manufacturing, and mining. (PNA photo by Liza T. Agoot) BAGUIO CITY - The Cordillera Administrative Region has recorded a 7.5-percent increase in its economic performance in 2021, the Philippine Statistics Authority (PSA) said Thursday. In her situation report on CAR's economic performance, PSA-Cordillera regional director Villafe Alibuyog said the region "placed third nationwide in terms of growth". She said that from a -10.2 percent growth rate from 2019 to 2020, the region performed better from 2020 to 2021 with a 7.5-percent increase. In 2021, Cordillera logged a Gross Regional Domestic Product equivalent to PHP310 billion which is a leap from