Dominican economy records cumulative growth of 12.5% in January-November 2021

Two days before the end of 2021, the Central Bank of the Dominican Republic (BCRD) estimated this Wednesday, December 29, that the Dominican economy will conclude this year with an inter-annual growth equal to or higher than 12%, as a result of the recovery of the productive sectors from the health and social shocks caused by the Covid-19 pandemic during 2020.

The governor of the Central Bank, H├ęctor Valdez Albizu, explained that these estimates are based on the results obtained during January-November, in which economic activity registered an accumulated variation of 12.5%. “When comparing this accumulated result with the same period of 2019, the level of economic activity stood at 4.3%, above pre-pandemic levels,” Valdez Albizu highlighted.

Meanwhile, in the month of November, the Dominican economy registered an inter-annual variation of 13.1%, higher than expected by the monetary entity.

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