Dominican Republic Economic Activity

Dominican Republic

Dominican Republic: Economic activity decelerates in July

September 10, 2014

In July, economic activity increased 5.2% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). The expansion was a deterioration over the 6.9% rise observed in June and marked the slowest growth rate in a year.

Nevertheless, the trend improved in July, with annual average growth in economic activity rising from 7.0% in June to 7.2%, thus reaching the highest value since March 2011.

The government’s 2014 budget projects that the economy will grow between 4.5% and 5.0% this year. FocusEconomics Consensus Forecast participants are less optimistic than the government and see the economy growing 3.8% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect economic growth to pick up to 4.0%.

Author:, Senior Economist

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Dominican Republic Economic Activity Chart

DominicanRepublic Economic Activity July 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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