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LatinNews Daily - 26 October 2021

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In brief: DR’s central bank hails strong growth

* The governor of the Dominican Republic’s central bank (BCRD), Héctor Valdez Albizu, has hailed new figures which show the country’s GDP grew 12.7% in the first nine months of 2021 compared with the same period in 2020. According to these figures, the country posted 11.4% GDP growth in the third quarter of 2021 compared with the same quarter in 2020 after posting 25.4% GDP growth in the second quarter of 2021 and 3.1% in the first. Valdez said that these figures confirmed official projections that the country would post double-digit growth this year signifying an “important reactivation” of the economy with respect to pre-coronavirus [Covid-19] pandemic levels. Key growth sectors in the first nine months of 2021 were: hotels, bars & restaurants which grew 31.8%; construction (30.0%); free zone manufacturing (24.2%); transport & storage (13.7%); and local manufacturing (11.5%).