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SunStar SunStar File DUE to the Covid-19 pandemic, the economic performance of Central Visayas plunged by 9.9 percent in 2020. This is in stark contrast to the 6.2 percent growth recorded in the region in 2019, whose economic value stood at P1.254 trillion. In 2020, the value of the region’s economic performance stood at P1.129 trillion, according to the Philippine Statistics Authority on Thursday, April 29, 2021. PSA 7 Director Ariel Florendo said the drop in the performance of industries by five percent and services by 5.2 percent contributed heavily to the overall 9.9 percent decline. Agriculture, however, grew 0.3 percent. Central Visayas’ economic performance, according to PSA 7, was worse than the country’s gross domestic product (GDP) growth, which was at negative 9.5 percent, the first annual contraction since 1998, the year after the Asian financial crisis erupted.

Philippines generalLeopoldo alfanta jrEfren carreonAriel florendoDepartment of transportationDepartment of agricultureDevelopment authorityDepartment of laborDepartment of social welfareNational economicSkills development authorityPhilippine statistics authority onCentral visayasPhilippine statistics authoritySocial welfareTechnical education