LatinNews Daily - 27 May 2021

In brief: DR central bank welcomes ‘extraordinary growth’

* The Dominican Republic’s central bank (BCRD) has revealed preliminary figures which show that the country’s monthly indicator of economic activity (Imae) posted an unprecedented 47.1% increase year-on-year in April, the third month of positive year-on-year economic activity since the start of the coronavirus (Covid-19) pandemic in March 2020. Sectors driving growth were construction (566.9% increase); hotels, bars & restaurants (140.7%); free trade zones (82.6%); and mining (60.6%). Announcing the figures BCRD governor, Héctor Valdez Albizu, said that yesterday the US multinational investment bank & financial services holding company, Bank of America, had raised its GDP forecast for the DR from 7.9% to 10.0%.

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