Real GDP growth declines to 4% in H1

DOMINICAN REPUBLIC - In Brief 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 monetary relaxation decided last week was not only the result liquidity shortages but also of hard evidence of decline in growth.

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