Market goers flock to the vegetable section of the Bankerohan Market in Davao City on Thursday, 5 January 2023. MindaNews Photo DAVAO CITY (MindaNews / 11 May) – The country’s gross domestic produc…
Market goers flock to the vegetable section of the Bankerohan Market in Davao City on Thursday, 5 January 2023. MindaNews Photo
It said the major sectors largely contributing to the first quarter growth were wholesale and retail trade, repair of motor vehicles and motorcycles at 7.0 percent, financial and insurance activities at 8.8 percent, and other services at 36.5 percent. The region’s GRDP for 2022 was also the highest among the regions in Mindanao and the only one that remained above the national average.
“The better performance of the economy is indicative of the efforts of both the government and the private sector to restore the regional economy’s high-growth trajectory by boosting economic activity and production and helping businesses grow, while creating more and better-quality jobs, improving infrastructure, and accelerating poverty reduction,” she said.
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