NewsWhore
02-13-2009, 03:10 PM
The DR's GDP grew 5.3% in 2008 as a result of a 19.5% growth in communications, 13.7% in the financial sector, 55% in the commercial sector, 10.3% in the water and energy sector, as reported in Listin Diario. Agriculture was down 3.4%, free trade zones by 1.1%, construction by 1.2% and mining activities by 30%. Central Bank Governor Hector Valdez Albizu says the DR ended 2008 with a US$318 deficit in the balance of payment. Valdez Albizu says that the DR was the country in the region with second lowest level of currency depreciation and that the DR managed to obtain US$340 million in reserves. Valdez Albizu predicts the DR will receive US$2.35 billion in direct investment in 2009. Though high, this figure is considerably lower than the US$400 million projection made in 2008.
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More... (http://www.dr1.com/index.html#5)