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LatinNews Daily - 29 January 2020
In brief: DR’s central bank releases latest growth figures
* The Dominican Republic’s (DR) central bank (BCRD) has released new figures which show the country’s GDP grew 5.1% in 2019 – the highest growth rate in Latin America. The growth was driven by incresed activity in the construction sector (10.5%) followed by financial services sector (9%) and energy & water sector (7.4%). The BCRD figure is above the latest forecast from the United Nations Economic Commission for Latin America & the Caribbean (Eclac), which in its latest (December 2019) report predicted 4.8% growth for the DR in 2019, well above the 0.1% average for Latin America. The Eclac report forecasts that the DR’s economy will grow 4.7% in 2020, once again leading the way in Latin America and above the 1.3% regional average.
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