Central Visayas is Phl's fastest-growing reg'l economy – DOF

Cebu is well positioned to benefit from the country’s positive economic prospects, citing its role as one of Asia’s leading outsourcing hubs and a crucial trade gateway linking Luzon, Visayas and Mindanao to international markets, according to the Department of Finance (DOF).

- By MARCO LUIS BEECH

Finance Secretary Ralph Recto said the region remains an economic powerhouse of Central Visayas, which is the fastest-growing regional economy in the country over the last two years, with growth of 7.3 percent.

"This outpaced the national average growth of 5.9 percent since the start of the Marcos administration in 2022, the fastest in Asia and almost double the global rate," the DOF said.