​Economic growth in June confirmed a slowdown in the economic contraction.

DOMINICAN REPUBLIC - In Brief 03 Aug 2020 by Magdalena Lizardo
At the Monetary Policy Meeting held on July 31, the Central Bank reported that on June 2020 the economy contracted by 7.1% relative to June 2019, a much smaller contraction than the one experienced on May (-13.6%) and April (-29.8%). The question is to what extent will the deceleration of the economic contraction continue into July and August, given the declaration of a state of emergency for forty-five days established last July 20th. The Central Bank also reported that the monetary stimulus provided to reactivate the economy has been equivalent to 4% of the GDP, of which 1.9% have been channeled to the productive sectors and the families and the remaining 2.1% is available for use.

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