LatinNews Daily - 26 July 2023

In brief: Dominican Republic posts strong economic growth

* The Dominican Republic’s economy, planning, and development ministry has published a new report which shows that the country’s monthly index of economic activity (IMAE) was up 2.4% year-on-year in May – higher than the monthly growth registered in the previous four months of the year. Accumulated growth in the first five months of 2023 was 1.4%. The report attributes the growth to the country’s “solid macroeconomic base” and “coordinated implementation of expansive monetary and fiscal measures”. It forecasts that GDP growth will come in at 4.0% in 2023, down from 4.9% in 2022, and highlights that the 4% annual inflation rate recorded in June was the lowest since July 2020 and within the target range.

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