Real GDP growth rate for Jan-Aug 2017: 4%

DOMINICAN REPUBLIC - In Brief 24 Oct 2017 by Pavel Isa
Yesterday, the Central Bank released figures of GDP growth which confirm that the economy continues growing below its long term rate. The Economic Activity Monthly Index (IMAE for its Spanish acronym) for the period January-August was set at 4%. Although authorities are forecasting a real GDP growth rate for the year at 5%, we think it is unlikely. In Q1 growth rate reached 5.3% and in Q2 2.7%. In Q3 it is likely to reach 4%. That will get average growth from Q1 through Q3 to 4%. In order to reach an annual real GDP growth rate of 5%, expansion of economic activity in Q4 would need to reach 8%, something which is highly improbable, in spite of the fact that usually Q4 is the period of highest growth in the year.More to come in our monthly report.

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