Dominican Republic Economic Activity October 2019

Dominican Republic

Dominican Republic: Growth remains sprightly in October thanks to looser monetary stance

November 30, 2019

The economy expanded 5.2% in October according to Central bank data, up slightly from September’s 5.1% growth.

While a breakdown by sectors is unavailable, the Central Bank’s recent monetary easing—in the form of 100 basis points of rate cuts since June and a DOP 34 billion liquidity injection—supported credit provision and was likely an important driver behind October’s reading.

Looking ahead, monetary stimulus measures should continue to feed through to the economy in coming months, aiding consumption and investment. Turning to 2020, growth is likely to ebb in line with a slowing U.S. economy, although the Dominican Republic should continue to outperform regional peers.

FocusEconomics Consensus Forecast participants see the economy growing 4.6% in 2020, which is unchanged from last month’s estimate, and 4.4% in 2021.

Author:, Economist

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Dominican Republic Economic Activity Chart

Dominican Republic Economic Activity October 2019

Note: Year-on-year changes of GDP in %.
Source: Dominican Republic Central Bank and FocusEconomics Consensus Forecast.

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