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Dominican Republic’s freed bank reserve paces 2Q rebound to 2.8%

Santo Domingo.- After nearly zero growth (0.3%) in the first quarter, the second quarter (April-June) posted a slight rebound, when the economy grew 2.8%, paced mostly by the government’s recent release of the bank reserve to expand revenue.

Central banker Hector Valdez Albizu on Thursday said first half economic activity as measured by the GDP grew 1.6%, “which means that the economy begins to recover “and … the recovery its expected to take hold over the second half of the year.”

“The trend is for the economy to grow at around 3% for all of 2013,” the official said in a press conference at the Central Bank

He said the banks, financial intermediaries, insurance and related activities jumped 8.8%.in the first six months.

Source: DT

Category: DR News |

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Last updated December 4, 2016 at 1:52 AM
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