Economy grew 4.7% in first half, below potential: Central Bank

• During the first half of 2019, the economy grew 4.7%, below its potential, notes the Central Bank in its Open Page report.
• In the report, which explains the impact of the uncertainty experienced in the international environment caused by the trade war between the United States and China, the Central Bank notes that according to the Consensus Forecast, the Dominican Republic would continue to lead the regional growth with 5.3% during 2019.
• On the economy’s performance Open Page indicates that “in the domestic sphere, the pace of expansion of economic activity has moderated beyond what was expected in recent months, due to the deterioration of conditions at an international level and uncertainty factors of a domestic nature, characteristic of the pre-electoral cycle, which have conditioned the consumption and investment decisions of economic agents.”

 (Source: Dominican Today)