Region 2 economy declines by 9.9% in 2020
Marilyn Estrada, PSA Region 2 director, reveals that in the 2020 Regional Economic Performance Report, Cagayan Valley’s economy has dropped to "negative" growth rate. PSA PHOTO
Region 2 economy declines by 9.9% in 2020
BY OLIVER T. BACCAY, PIA
TUGUEGARAO CITY, Cagayan (April 30)—Region (Cagayan Valley) economy has dropped by 9.9 percent in 2020 based on the latest economic performance report released by the Philippine Statistics Authority (PSA) in the region.
PSA Region 2 director Marilyn Estrada said almost all industries and sectors have registered negative growth rate to include other services, accommodation and food services activities, mining and quarrying, transportation and storage and construction.
She said even the education, professional and business services, rea...