{"id":147635,"date":"2020-09-30T08:11:19","date_gmt":"2020-09-30T12:11:19","guid":{"rendered":"https:\/\/dr1.com\/wordpress\/?p=147635"},"modified":"2020-09-30T09:52:04","modified_gmt":"2020-09-30T13:52:04","slug":"central-bank-reports-slight-recovery-in-july-and-august","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2020\/09\/30\/central-bank-reports-slight-recovery-in-july-and-august\/","title":{"rendered":"Central Bank reports slight recovery in July and August"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large is-resized\"><img loading=\"lazy\" src=\"https:\/\/dr1.com\/wordpress\/wp-content\/uploads\/2020\/07\/Banco-Central-RD-CDN-e1595598115939.jpg\" alt=\"\" class=\"wp-image-144385\" width=\"300\" height=\"332\"\/><\/figure><\/div>\n\n\n\n<p>The Central Bank reported on Tuesday, 29 September 2020 that July and August data reveal the economy is on the way to recovery.<\/p>\n\n\n\n<p>A statement from the Central Bank highlights that the Monthly Economic Activity Indicator (IMAE) for August 2020 registered an inter-annual variation of -7.2%. This figure reflects an improvement over the -8.8% observed last July and the -8.5% corresponding to the January-July period.<\/p>\n\n\n\n<p>The Central Bank highlights that two-thirds of the IMAE result in August (4.9 percentage points of the variation of -7.2%) is explained by the contraction in the activity of hotels, bars and restaurants, as a consequence of the slowdown of this sector, which has been severely affected by the pandemic. Airports in the Dominican Republic were closed from March to July. And a 5pm curfew until August kept most restaurants doing minimal business. Curfew is now 9pm to 5am Monday to Friday, and 7pm to 5am on Saturday and Sunday.<\/p>\n\n\n\n<p>The upward trend is expected to continue in the future as the spread of the virus continues to dissipate and restrictions on non-essential productive sectors are lifted.<\/p>\n\n\n\n<p>The Central Bank attributes the recovery in part to the timely coordinated implementation of fiscal and monetary policies to support households and businesses. There was a significant easing of monetary conditions and an expansion of social spending that has had a significant impact on the economy and mitigated the pandemic&#8217;s effects.<\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/www.bancentral.gov.do\/a\/d\/4917-economia-dominicana-muestra-tendencia-hacia-la-recuperacion-en-julio-y-agosto\">Central Bank<\/a><br><br><a href=\"https:\/\/elnuevodiario.com.do\/banco-central-economia-dominicana-muestra-tendencia-hacia-la-recuperacion-en-julio-y-agosto\/\">El Nuevo Diario<\/a><br><\/p>\n\n\n\n<p>29 September 2020<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank reported on Tuesday, 29 September 2020 that July and August data reveal the economy is on the way to recovery. A statement from the Central Bank highlights that the Monthly Economic Activity Indicator (IMAE) for August 2020 registered an inter-annual variation of -7.2%. This figure reflects an improvement over the -8.8% observed &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2020\/09\/30\/central-bank-reports-slight-recovery-in-july-and-august\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[271,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/147635"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=147635"}],"version-history":[{"count":4,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/147635\/revisions"}],"predecessor-version":[{"id":147674,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/147635\/revisions\/147674"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=147635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=147635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=147635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}