Dominican Republic´s economy grew 47.1% last April, an extraordinary figure considered by the Central Bank (BCRD).
April´s Monthly Economic Activity Indicator result is something unprecedented that not only evens out the 29.8% drop seen in April 2020, but also exceeded the level of the same month of 2019, the BCRD reported.
The economic recovery is not a simple rebound due to statistical effect of comparison base, but rather shows a reactivation that exceeded the pre-pandemic levels by increasing 3.3% compared to April 2019.
In addition, the BCRD President Héctor Valdez said the economic recovery was heterogeneous in the country´s different economic activities, as some sectors registered a result above the pre-pandemic level, while others are passing through a gradual recovery process.
At this rate, Valdez said, 2021 could close with a 7.0% economic growth, adding that its performance is supported by the fiscal and monetary measures implemented in March 2020, the positive impact of coronavirus vaccines distribution, as well as tourism reactivation. (PL)
