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LatinNews Daily - 29 April 2021

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In brief: DR’s central bank hails economic recovery

* The Dominican Republic’s central bank (BCRD) has released new figures which show the country’s monthly indicator of economic activity (Imae) posted 10.6% growth year-on-year in March, the second month of positive year-on-year growth since the start of the coronavirus (Covid-19) pandemic in March 2020. Sectors driving growth were: construction (56.8% increase); free trade zones (32.4%); mining (21.4%) and transport & storage (19.7%). BCRD governor, Héctor Valdez Albizu, said that after the 1.1% year-on-year increase registered in February, the March Imae data shows that the Dominican economy “continues on a firm path to recovery”. The World Bank forecasts that the DR’s GDP will grow 5.5% in 2021 following a contraction of 6.7% in 2020.