By ROGER M. BALANZA

The Davao Region (REGION ELEVEN) was the third fastest growing regional economy in the Philippines in 2022, according to the National Economic and Development Authority 11 (NEDA 11).

NEDA II  regional director Maria Lourdes D. Lim said the Davao Region economy grew by 8.1% last year, placing as among the third fastest growing regional economies in the Philippines, along with Central Luzon and Bicol Region.

The Davao Region is composed of Davao del Norte, Davao de Oro, Davao Oriental, Davao del Sur amd Davao Occdental.

More developments seen in Davao Region in 2023

 Investment and tourism opportunities are expected to increase in the Davao Region next year as global, national and local economies fast-track their post-pandemic recovery efforts, the regional National Economic and Development Authority (NEDA-11) office here said