Cordillera makes surprising economic recovery
Fairly good weather brought the Cordillera farming economy an astounding growth rate from a decline of 4.8 percent in 2016 to a growth of 5.2 percent last year.
This was one of the biggest surprises for economists with the latest gross regional domestic product (GRDP) rising almost ten notches up. The GRDP measures the value of goods and services produced in the Cordillera.
With its geographically undesirable location on mountain sides and along the country’s rain belt, Cordillera farms are vulnerable to strong typhoons said Susan Balanza, Cordillera planning officer of the Department of Agriculture.
Marie Olga Difuntorum, a senior economist of the National Economic and Development Authority (Neda) attributed this bountiful harvests to good weather
“fewer strong typhoons, along with the seasonal monsoon, compared to the drier weather conditions in 2016. The good weather helped increase palay and corn production last year,” she said.
Difuntorum said the economy’s upswing in 2017 was the region’s fifth positive growth report since 2013.
The growth reports also showed increased production of major vegetables like carrots, beans, cabbages, lettuce, cauliflower and broccoli in Benguet.