The Dominican Republic reported year-on-year economic growth of 5 % in the first half of the year, confirming positive signs in macroeconomic indicators.

“The monthly indicator of economic activity (IMAE)” of the country registered an “expansion of 4.8 % in July, which produced an average interannual growth of 5.0 % in the first seven months of 2024,” as reported. the Central Bank.

With this result, the Dominican Republic is positioned as the economy with the greatest year-on-year growth in Latin America, taking into account the latest data published by the countries of the region.

It is important to note, as the Central Bank has done, the latest projections of the International Monetary Fund (IMF), according to which the growth of the nation’s Gross Domestic Product (GDP) for this year will be 5.1 %. For its part, the World Bank has projected a growth of 5.1 % and the Economic Commission for Latin America (ECLAC) of 5.2 %.

The year-on-year economic growth of the Dominican Republic occurs in an environment “of price stability as a result of the monetary and fiscal policies implemented, which has allowed the risk factors for the performance of the Dominican economy to be overcome in a timely manner.”

M.Pino

Source: bancaynegocios

(Reference image source: Towfiqu barbhuiya in Unsplash)

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