Dominican Republic Economic Activity

Dominican Republic

Economic activity accelerates in September

In September, economic activity increased 5.9% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). The expansion was an improvement over the 5.6% rise observed in August and marked the fastest growth rate since July.

In addition, the trend improved in September, with annual average growth in economic activity increasing from 6.6% in August to 6.9%, thus reaching the highest value since July.

The government’s 2015 budget projects that the economy will grow 4.6% in 2014 and 5.0% in 2015. FocusEconomics Consensus Forecast participants are less optimistic than the government and see the economy growing 4.4% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect economic growth to pick up to 4.5%, which is also unchanged from last month’s Consensus.

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Dominican Republic Economic Activity Chart

DominicanRepublic Economic Activity September 2014

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Dominican Republic Central Bank and FocusEconomics calculations.

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