Real GDP growth declines to 4% in H1

DOMINICAN REPUBLIC - Note 09 Aug 2017 by Pavel Isa

The Central Bank released data that reveals a noticeable contraction in economic activity in H1. The Monthly Indicator of Economic Activity (IMAE, for its Spanish acronym) set real GDP rate of growth at 4%, below its potential. In H1 2016, GDP growth was estimated at 7.4% and for the whole year at 6.6%. In Q1, IMAE registered a 5.3% growth in GDP, but in Q2 it dropped to 2.7%. In April, growth was set at 0.4%, in May at 4.8% and in June at 2.6%. Tourism, agriculture, transportation, finance and commerce were the activities that better performed in the period. These figures suggest that mone...

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