{"id":162240,"date":"2021-07-30T07:22:59","date_gmt":"2021-07-30T11:22:59","guid":{"rendered":"https:\/\/dr1.com\/wordpress\/?p=162240"},"modified":"2021-07-30T08:45:39","modified_gmt":"2021-07-30T12:45:39","slug":"central-bank-reports-economy-grew-13-3-in-first-half-of-the-year","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2021\/07\/30\/central-bank-reports-economy-grew-13-3-in-first-half-of-the-year\/","title":{"rendered":"Central Bank reports economy grew 13.3% in first half of the year"},"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=\"333\"\/><\/figure><\/div>\n\n\n\n<p>Central Bank Governor Hector Valdez Albizu reported on key indicators that confirm the Dominican economy is on a firm path to recovery following the economic crisis caused by the Covid-19 pandemic.<\/p>\n\n\n\n<p>The Central Bank reports these indicators for the economy for January-June 2021:<\/p>\n\n\n\n<p>\u2022 The Monthly Economic Activity Indicator for June was up 12.7% compared to June 2020. As reference the pre-pandemic period of June 2019, the increase would be 4.7% compared to June 2021.<br>\u2022 The faster-than-expected recovery allows for an upward update of the growth projection for 2021 to a range between 9% and 10%.<br>\u2022 The economic activities with the greatest expansion were: construction (42.2 %), free trade zones (31.7 %), local manufacturing (14.3 %), transportation and storage (13.7 %), mining (11.4 %) and commerce (10.7 %).<br>\u2022 In June, 462,536 tourists entered the country, approximately 80% more than in the same month of 2019. It is projected that the total number of non-resident visitors could be around 4 million by the end of this year.<br>\u2022 Year-over-year inflation is declining and went from 10.48% in May to 9.32% in June.<br>\u2022 The Central Bank&#8217;s forecasting system indicates that inflation will continue to decline as it moves down to the target range of 4% \u00b1 1%.<br>\u2022 The foreign exchange influx has allowed for international reserves to reach a record of US$12,611.6 million at the end of June, equivalent to 7.2 months of imports and 14.4% of GDP.<br>\u2022 By the end of June, the Dominican peso showed an appreciation of 2.1%.<br>\u2022 The monetary policy rate has remained at its historical minimum of 3%, after a decline of 150 basis points during 2020.<\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/www.bancentral.gov.do\/a\/d\/5148-bcrd-informa-que-la-economia-dominicana-crecio-133--en-el-primer-semestre-del-ano-2021\">Central Bank <\/a><\/p>\n\n\n\n<p>30 July 2021<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central Bank Governor Hector Valdez Albizu reported on key indicators that confirm the Dominican economy is on a firm path to recovery following the economic crisis caused by the Covid-19 pandemic. The Central Bank reports these indicators for the economy for January-June 2021: \u2022 The Monthly Economic Activity Indicator for June was up 12.7% compared &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2021\/07\/30\/central-bank-reports-economy-grew-13-3-in-first-half-of-the-year\/\" 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":[290,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/162240"}],"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=162240"}],"version-history":[{"count":3,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/162240\/revisions"}],"predecessor-version":[{"id":162280,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/162240\/revisions\/162280"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=162240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=162240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=162240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}