Central Bank reports the Dominican Republic economy grows 10.6 percent
The Dominican economy grew by 10.6% last March, as revealed by the governor of the Central Bank, Héctor Valdez Albizu.
“The Dominican economy continues to travel on the firm path of recovery. In this sense, after the growth of 1.1% in February, the preliminary figures of the Monthly Indicator of Economic Activity (IMAE) show a significant interannual growth of 10.6”, stated Valdez Albizu.
Valdez Albizu indicated that the country is already in an economic recovery, supported by the monetary and fiscal policy adopted by the onset of the pandemic in order to mitigate the adverse effects of COVID-19 on the economy and maintain an adequate flow of resources. towards the productive sectors and households.
“This is the second positive rate since the start of the pandemic”, Albizu noted.
The statements were offered by Valdez Albizu during a press conference, where he indicated that the construction sector was the one with the highest growth last month (56.8%), followed by free zones (32.4%) and mining (21.4%).
He indicated that the monetary policies applied by the Monetary Board have been decisive to achieving these results.
The flexibilization of the curfew schedule has also had an impact.
“With this result, the perspective that the Dominican economy will close the year between 5.5 and 6% of the growth of the Gross domestic product is strengthened”, he said.