Dominican Republic’s economy to grow 5.5%, LatAm’s fastest

Santo Domingo.- Central banker, Héctor Valdez Albizu, on Wed. said Dominican Republic’s economy grew 4.7%, with an annual inflation of 0.92% and an accumulated inflation from January to June of 1.17%.

The official spoke after meeting with Dominican Industries Association (AIRD) president Celso Juan Marranzini and other executives, to review the performance of the Dominican economy and its industrial activity, as well as to the sectorial placement of the resources released from the bank reserve.

He labeled the figures as a positive achievement, despite the adverse international environment and current internal conditions that led to sluggish production and consumption.

He added that the economy is expected to grow as high as 5.5% by yearend 2019 which would make the country the fastest growing in Latin America.

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