PDA

View Full Version : Economy forecast to grow 5%



NewsWhore
10-24-2011, 03:00 PM
Central Bank governor Hector Valdez Albizu forecasts that the economy will close the year with a 5% growth rate. He urged Dominicans to be zealous about maintaining macro-economic stability, as reported in Diario Libre. Despite the global financial crisis, Valdez said that the economy has grown 4.2% of GDP in the January-September 2011 period. He said that 72% of economic activities show growth: mining (73.9%), free zones (13.8%), farming and cattle ranching (6.9%), local manufacturing (5.7%), education (5.3%), health (5.3%), finance (3.9%), commerce (3.7%) and tourism (3.7%).

He called for making an effort to re-pitch the economic model towards a greater focus on integrated human development, with an emphasis on education, health and equal opportunities for all. Valdez was speaking on the occasion of the Central Bank anniversary celebrations.

More... (http://www.dr1.com/index.html#1)