Taal Volcano's economic impact minimal so far

The economic impact of Taal Volcano's eruption is minimal so far, according to NEDA.

Socioeconomic Planning Secretary Ernesto Pernia stated that areas within the 14-kilometer danger zone generate only 0.17% of Calabarzon’s gross regional domestic product (GRDP), while an expanded radius of 17 kilometers would account for 0.26%.

NEDA and economist Victor Abola agree that unless there is a violent eruption, the impact will remain localized.

Francisco Sebastian from First Metro Investment Corporation added that as long as volcanic activity does not escalate further, overall economic growth will not be threatened.