Central Bank forecasts 8% growth

Dominican Republic Central Bank

Dominican Republic Central Bank Tower

Central Bank governor Hector Valdez Albizu expects the Dominican economy to close the year posting an 8% increase in the Gross Domestic Product. He says the economic recovery is showing 6% growth so far. He made his forecast based on the results of the first three months of the year. Valdez said that interest rates should continue low to stimulate the productive sectors. He said an injection of sovereign bonds funds would also stimulate the economy. The US$600 million placement is expected to be made from 1 to 5 May. Valdez made these comments on Saturday at the Club Naco, where he was being honored for economic achievements and his work at the helm of the Central Bank. Valdez, as reported in Listin Diario, said he was convinced 2010 would be a year of recovery and progress, with a positive effect on job creation and income distribution.


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