Notes on the economy

[NewsWhore]

Central Bank governor Hector Valdez Albizu notes that the Dominican economy is set to grow between 5% and 6% by the end of 2008 and that the deficit of the current accounts would settle between 8% and 9% by the end of the year. Valdez said that the accumulated rate was 7.57% during the first semester of the year. Accordingly, 470,542 new jobs were created between 2004 and 2008. In terms of trade, fuel, food, metals and capital goods represented 60.1% of imports and 61.0% of the current accounts balance. Valdez's report indicates that the Central Government's deficit in the first semester was RD$20.9 billion.

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