Economy & Business - April 2024

DOMINICAN REPUBLIC: Growth rate set to double this year

Two developments on 27 March reinforce a positive economic outlook for the Dominican Republic this year. First, on that day the central bank (BCRD) held its benchmark interest rate steady at 7%, noting that inflation has come down to 3.3%, within the target range of 4% +/- 1%. Second, the ministry of economy, planning and development (Mepyd) forecast that the economic growth will double this year to reach 5.0%.

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