LatinNews Daily - 08 July 2021

In brief: DR’s economic growth continues to recover

* The Dominican Republic's (DR) central bank (BCRD) has released its latest monetary policy report which notes that the country’s monthly indicator of economic activity (Imae) posted a 21.2% year-on-year increase in May after an unprecedented 47.1% year-on-year increase in April, the third month of positive year-on-year economic activity since the start of the coronavirus (Covid-19) pandemic. The BCRD forecasts that the DR’s GDP will grow between 8%-9% in 2021 after contracting by 6.7% in 2020 due to the pandemic.

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