DR1 Daily News - Dominican Republic

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The Central Bank reports that the Monthly Economic Activity Indicator (IMAE) registered a remarkable inter-annual expansion of 5.8% in the month of June, higher than the 4.8% observed in May and the 4.7% of April 2022. The average growth of the IMAE for January-June 2022 stood at 5.6% compared to the same semester of the previous year.

The Dominican economy continues to benefit from an increase in foreign direct investment that reached US$1.87 billion from January to June 2022, for an 8% expansion over the same period in 2021.

Tourism arrivals and receipts reached a record US$4.12 billion, with outlook for US$8.4 billion in receipts by year’s end.

Remittances were US$4.86 billion for the first half of the year, up 7.6% on a 12-month period, and a 40.6% increase when compared to the pre-pandemic 2019. By year’s end, remittances are expected to reach US$10 billion. In June...

To read past articles, visit our DR1.com Daily News Forum.