EDITORIAL| Tempered growth

ON Thursday, government economists released the 2015 gross regional domestic product of the Davao Region which, during the year, went down to 7.9% from 9.4% the previous year.

Based on the report, the decline in the region’s economic growth was brought about by the decline in almost all sectors, especially agriculture as farms were hit with long dry spell that lasted until a month ago.

The growth of agriculture and fisheries sector of 1.4%, was just half of what it achieved the previous year at 2.6% and that the impact of its being a dormant sector was clear even when there was no calamity that beset the region during the period.

Maria Lourdes D. Lim, regional director of the National Economic and Development Authority, pointed that the region’s farm do not have the necessary facilities that would help them wade through calamities like drought.

Even then, Maria Lourdes D. Lim, regional director of the National Economic and Development Authority, believed that the regional economic growth will be maintained or will go higher

Among the factors that she cited is the expected increase in public spending especially because the President of the republic is from the city. Lim said the election of former mayor Rodrigo R. Duterte has focused the attention of the investors not only on the region but on Mindanao.

But government officials of the region must strive hard to ensure that its growth will surpass the growth last year, or at least will be on par, as well make sure that it would become inclusive. The last part is important because

Posted in Opinion