Dominican Republic economy grows 6.1% in 1Q, paced by mining

Santo Domingo.- Central banker Hector Valdez Albizu on Wednesdaysaid Dominican Republic’s economy grew 6.1% in the first quarter, stressing a sustained macroeconomic stability.

In a meeting with directors of the National Employers Union(UNE) at the Central Bank, Valdez Albizu said the performance shows that thecountry’s growth continues to lead Latin America and the Caribbean.

He said mining (33.8%), financial intermediation (12.0%),health (9.6%) and construction (8.8%) were the sectors that most contributed tofirst quarter growth.

The official said the retail sector has been recoveringafter the fall from the severe drought that hit the country, averaging a 6.9%growth during February and March.