Central Bank says recovery of manufacturing sector puts DR on road to economic recovery

Dolores

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Feb 20, 2019
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The Central Bank reports the Dominican Republic continues on an economic recovery trend. The Central Bank says that the Monthly Economic Activity Indicator (MEAI) shows an inter-annual variation of -4.3% in October 2020, more favorable than -7.2% in August and -5.6% reported in September and seven times better than -29.8% reported in April, the most critical month during the Covid-19 pandemic so far.



The Central Bank highlights that the October numbers are a 25.5% improvement over the -29.8% IMAE posted in April, the month of the most stringent national lockdown.



The Central Bank highlights that the of -4.3% for the month of October, combined with the inter-annual variation rates of the real Gross Domestic Product (GDP) in January-March (0.0%), April-June (-16.9%) and July-September (-7.2%), places the average growth of the Dominican economy for the period...

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