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


Staff member
Feb 20, 2019

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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