9 regions grew faster than Metro Manila in 2017 — NEDA
Inclusive growth is paying off, it seems.
The National Economic and Development Authority (NEDA) said all 17 regions in the Philippines actually grew in 2017, with nine regions even outpacing the expansion of Metro Manila, the economic center.
Leading the pack is the Cordillera Administrative Region (CAR) as the regional economy grew by 12.1 percent, followed by Davao at 10.9 percent, and Central Luzon at 9.3 percent.
The Cagayan Valley, CALABARZON (Cavite, Laguna, Batangas, Rizal, Quezon), MIMAROPA (Mindoro, Marinduque, Romblon, Palawan), Western Visayas, SOCCSKARGEN (South Cotabato, Cotabato City, Cotabato Province, Sultan Kudarat, Sarangani, General Santos City), and Autonomous Region in Muslim Mindanao also clocked in growth that was faster than the 6.1 percent of the National Capital Region.
“The government is now waging its biggest campaign yet—the Build, Build, Build—and it gives regions hope. They are getting a big share in the government’s infrastructure projects and programs,” Socioeconomic Planning Secretary Ernesto Pernia said in a statement.
Things are looking up for the provinces as far as NEDA is concerned.