Dominican Republic

Dominican Republic Economic Activity May 2019

Dominican Republic: Economic activity loses steam in April and May

The economy appears to have lost steam in Q2, according to the Central Bank’s monthly indicator for economic activity (IMAE, Indicador Mensual de Actividad Económica). Growth clocked 3.3% in April and 5.3% in May, below Q1’s 5.7% expansion. The slowdown was likely influenced by a challenging base effect and weaker momentum in the U.S.

According to the Central Bank, in the January-May period as a whole growth was broad-based, with the construction, transport and storage, and hotels and restaurants sectors performing particularly strongly.

Our panelists see growth this year at slightly over 5%, above the regional average but down notably from 2018’s stellar showing amid a slowing U.S. economy—the key source of tourism, export demand and remittances. Moreover, recent security concerns could dent visitor arrivals. However, strong credit provision and the Central Bank’s recent rate cut should keep momentum afloat.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen