
Central Luzon economy remains upbeat amid challenges
Central Luzon posted a 6.1% growth in its Gross Regional Domestic Product (GRDP) in 2023, reaching ₱2.3 trillion, according
Central Luzon posted a 6.1% growth in its Gross Regional Domestic Product (GRDP) in 2023, reaching ₱2.3 trillion, according
The Globe Group, the country’s leading digital solutions platform, stands ready to work with the government in “greening” the economy as the Philippines treads the path of recovery towards a new and better normal.
The Philippine Statistics Authority (PSA) reported that Central Luzon’s economy grew to P2.02 trillion in 2021 from P1.88 trillion in 2020, translating to a 7.4 percent increase in 2021 from a 13.9 percent decline in 2020.
The economy of Central Luzon is slowly recovering from the impact of the COVID-19 pandemic as industries regain their vitality.
Despite successive downturns in the local economy because of the COVID-19 pandemic in 2020, construction companies in Central Luzon continue to register with the government in the first semester of 2021.
Copyright © 2024. All Rights Reserved.