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LatinNews Daily - 06 September 2018

In brief: Dominican Republic

Dominican Republic: The Dominican Republic’s (DR) central bank (BCRD) has released new figures which show that the DR’s monthly economic activity index (Imae) for July was up by 6.5%, bringing the average economic growth for the first six months of 2018 to 6.7%. According to the BCRD report the sectors that registered the highest growth in the first half of 2018 were construction (10.6%), free trade zones (10.1%), trade (8.4%), health (8.3%), and communications (7.0%). In the most recent (August) growth forecasts by the United Nations Economic Commission for Latin America & the Caribbean (Eclac), the DR was the only country in Central America to see its growth forecast for 2018 raised – to 5.4%, up from 5.0% in the previous (April) forecast. The average for the sub-region was cut to 3.4%, down from 3.6%.

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