Fiscal Balance in Dominican Republic
Dominican Republic - Fiscal BalanceThe economy appeared to lose momentum in the second quarter, in the context of a likely slowdown in the U.S. and greater international trade uncertainty. Economic activity growth in April and May averaged notably below Q1’s reading, while remittance growth slowed in April. However, strong private credit and a cash injection from the Central Bank should have propped up activity. This comes after growth dimmed in Q1 but stayed healthy compared to regional peers, buttressed by the construction sector. In other news, the IMF concluded a staff visit in mid-June. While praising the robust economic performance in recent years, the Fund urged the government to undertake further fiscal adjustment to put the public debt ratio on a firm downward path. In the tourism sector, the recent bad press over deaths of visitors could hamper arrivals in H2; early indicators suggest recent flight bookings from the U.S. for July and August have plummeted.
Dominican Republic - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-4.0||-3.7||-0.3||-2.9||-3.3|
5 years of economic forecasts for more than 30 economic indicators.
Dominican Republic Facts
|Exchange Rate||50.81||0.80 %||Jul 11|
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July 1, 2019
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).
Dominican Republic: Inflation falls in May, Central Bank cuts rates and announces fresh liquidity injection
June 28, 2019
Consumer prices fell 0.03% in May over the prior month, contrasting April’s 0.53% increase.
Dominican Republic: Inflation ticks up in April, Central Bank leaves rates unchanged but announces liquidity injection
June 2, 2019
Consumer prices rose 0.53% in April over the prior month, down slightly from March’s 0.65% increase.
May 14, 2019
According to a preliminary estimate released by the Central Bank on 14 May, the economy expanded 5.7% in the first quarter of 2019.
April 30, 2019
Consumer prices rose 0.65% in March over the prior month, up from February’s 0.37% increase.