LEGAZPI CITY: The Bicol economy is growing faster than that of the National Capital Region—a 7.1-percent growth fuelled by tourism, trade including agriculture based on the study conducted by National Statistical Coordination Board (NSCB) and of the National Economic Development Authority (NEDA) here.

The Bicol region gross domestic product (GDP) notched a 7.1-percent growth rate compared to NCR at 6.8 percent shored up by big influx of visiting tourists and robust trade and commerce, the NSCB and NEDA Bicol reported. Gil Arce, NSCB regional director in a press briefing told reporters that Bicol’s economy grew by 7.1 percent in 2012, nearly four times faster that its pace in 2011.

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