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Dominican Republic economy up 5% on construction

Santo Domingo.- Dominican Republic’s economy grew 5% of GDP with inflation at 0.58% in the first two months, which Central banker Hector Valdez Albizu affirms ensures economic and exchange rate stability, and 4.5% projected inflation for the rest of the year.

He said construction jumped 20%, hotels, bars and restaurants grew 10.3%, mining 29% and agriculture 8.1%,

Speaking at the National Young Business Leaders Association (ANJE) luncheon Thursday, the official also said as the result of the global economic recovery especially industrialized countries such as U.S. and of the Eurozone, “we must expect this behavior will bring good winds to the Dominican economy,.

Valdez said the monthly economic activity index (IMAE) reveals that the country’s GDP of the has been rising in keeping with its potential growth of from 5% to 5.5% while January to February inflation reached the lowest recorded during the past 14 years.

Source: DT

Category: DR News |

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Last updated October 22, 2016 at 2:00 PM
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