Dominican Republic's Economy Grew 5.6% In August

• The Dominican Republic’s (Dom Rep) economy grew 5.6% in August, with growth  averaging 5.1% between January and August of this year.
• Overall growth between January and August 2024 was due to the performance of activities in construction (4.9%) and free trade zone manufacturing (6.6%). Likewise, service activities as a whole showed an accumulated increase of 5.4% relative to the previous corresponding period, seeing stand-out growth in hotels, bars and restaurants (7.1%), transportation and storage (5.9%), real estate and rental activities (5.8%) and communications (5.3%).
• The Central Bank explained that given its previous monetary and fiscal policies, the economy grew in an environment of price stability as inflation remained at the lower end of the 4.0% ± 1.0% range.
• Furthermore, the Central Bank also highlighted that, among its Latin American peers, Dom Rep had the fastest economic expansion between January and August according to the latest published information available.

(Source: Dominican Today)