Back

LatinNews Daily - 29 April 2021

In brief: DR’s central bank hails economic recovery

* The Dominican Republic’s central bank (BCRD) has released new figures which show the country’s monthly indicator of economic activity (Imae) posted 10.6% growth year-on-year in March, the second month of positive year-on-year growth since the start of the coronavirus (Covid-19) pandemic in March 2020. Sectors driving growth were: construction (56.8% increase); free trade zones (32.4%); mining (21.4%) and transport & storage (19.7%). BCRD governor, Héctor Valdez Albizu, said that after the 1.1% year-on-year increase registered in February, the March Imae data shows that the Dominican economy “continues on a firm path to recovery”. The World Bank forecasts that the DR’s GDP will grow 5.5% in 2021 following a contraction of 6.7% in 2020.

End of preview - This article contains approximately 121 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.