Economy August 30, 2022 | 11:18 am

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Central Bank: Dominican economy to grow 5.5%

Santo Domingo.- The Central Bank of the Dominican Republic reported today that the Dominican economy registered an average growth of 5.5% January to July this year.

In a press document, it reported that the Monthly Indicator of Economic Activity (IMAE) registers an accumulated average variation of 5.5% in said period, compared to the same of the previous year, after having experienced an interannual increase of 4.7% in July, similar to the growth rates of April and May of 4.7 and 4.8%, respectively.

According to the agency, the expansion accumulated so far allows maintaining the forecast that the economy would be ending the year with an increase in the Gross Domestic Product (GDP) around its potential, in line with the projections of the International Monetary Fund (IMF). and the Economic Commission for Latin America and the Caribbean (ECLAC).

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