Dominican central banker says Q1 GDP growth slowed to 5.7%

Dominican central banker says Q1 GDP growth slowed to 5.7%

Economy & Policy People Dominican Republic Caribbean

The Dominican Republic’s economic growth slowed to 5.7% in 2019’s first quarter from 6.4% a year earlier, according to central bank governor Héctor Valdez. Speaking at LatinFinance’s 4th Caribbean Finance & Investment Forum in Santo Domingo, Valdez said that economic growth would exceed 5.5% in 2019. That’s down from the unexpectedly strong 7% expansion in 2018, a pace not seen since 2015. Growth had been expected to moderate in 2019 but remain strong, thanks largely to the Caribbean country

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