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Higher spending helps revive E. Visayas economy

MORE SPENDING. Shoppers in downtown Tacloban City in this Dec. 23, 2021 photo. High expenditures in Eastern Visayas in 2021 have contributed largely to the revival of the economy slowed down by pandemic movement restriction, an official of the National Economic and Development Authority said on Friday (April 29, 2022).(Photo courtesy of PRTV Tacloban) TACLOBAN CITY - High expenditures in Eastern Visayas in 2021 have contributed largely to the revival of the economy slowed down by pandemic movement restriction, an official of the National Economic and Development Authority (NEDA) said on Friday. Household consumption rose to 10.2 percent last year, up from the negative 7.9 percent in 2020, NEDA Eastern Visayas Regional Director Bonifacio Uy said in a statement. A report from the Philippine Statistics Authority (PSA) showed that the Gross Regional Domestic Expenditure (GRDE) reached PHP461 billion in 2021 with 89.7 percent coming from households. "We thank everyone for their contrib ....

Philippines General , National Economic , Philippine Statistics Authority , Development Authority , Eastern Visayas , Gross Regional Domestic Expenditure , Gross Regional Domestic Product , Executive Order , More Spending Shoppers In Downtown Tacloban City This Dec 23 , 021 Photo High Expenditures In Eastern Visayas 2021 Have Contributed Largely To The Revival Of Economy Slowed Down By Pandemic Movement Restriction , N Official Of The National Economic And Development Authority Said On Friday April 29 , 022 Photo Courtesy Of Prtv Tacloban City High Expenditures In Eastern Visayas 2021 Have Contributed Largely To The Revival Economy Slowed Down By Pandemic Movement Restriction , N Official Of The National Economic And Development Authority Neda Said On Friday Household Consumption Rose To 10 2 Percent Last Year , P From The Negative 7 9 Percent In 2020 , Eda Eastern Visayas Regional Director Bonifacio Uy Said Ina Statementa Report From The Philippine Statistics Authority Psa Showed That Gross Domestic Expenditure Grde Reached Php461 Billion In 2021 With 89 7 Percent Coming Households Quot We Thank Everyone For Their Contribution To Reviving Consumer And Business Confidence This Means More Operational Establishments , More People Employed , More Income , Nd More Spending , Uot Uy Added Residents In The Region , Pent More Cash On Construction , Urable Equipment , Nd Valuables In Terms Of Government Spending , Here Wasa 6 Percent Growth In 2021 As More People Avail Of The Stimulus Package Construction Subsector Also Jumped By 12 3 Building Activities Resumed , Y Said Higher Spending Has Buoyed The 6 Percent Growth Of Gross Regional Domestic Product Last Year , He Official Said The Performance Isa Big Jump From Negative 7 4 Percent Grdp Growth Recorded In 2020 Quot Robust 2021 Reveals That Indeed We Are On Recovery Path Hope To Accelerate 2022 With Implementation Of Executive Order No 166 , Ssued On 21 March 2022 ,