* The Dominican Republic’s central bank (BCRD) has published the latest monthly economic activity index (IMAE) for May, which showed a 13.6% contraction year-on-year. This was an improvement on the -29.8% figure for April which the BCRD described as the most
“critical point” of the economic crisis stemming from restrictions imposed to stop the spread of coronavirus (Covid-19). In its latest forecast (15 July), the United Nations Economic Commission for Latin America & the Caribbean (Eclac) expects the Dominican Republic’s economy to contract 5.3% in 2020.
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