Dominican economy grew by 1.1% in February

The Dominican economy grew 1.1% in the month of February, placing it for the first time in positive territory after the beginning of the pandemic, according to the latest statistics of the Central Bank.

Likewise, liquidity provision measures in local currency reached RD$215 million, which represents a monetary stimulus of almost 5% of the GDP.

Héctor Valdez Albizu, governor of the CB, explained that if the negative impact of the hotels, bars and restaurants sector were excluded, growth in February would have been 3.4%.

He recalled that in January the economy had a -1.8% performance, but that one month later, an improvement is already reflected.

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