SANTO DOMINGO.-The Ministry of Economy, Planning and Development reported that the Monthly Indicator of Economic Activity (IMAE) registered a year-on-year growth of 2.4% in May, higher than the expansions registered in the first four months of this year 2023.
In its “Macroeconomic Situation Report: Monitoring of the Current Situation” for June 2023, the agency highlights that the accumulated growth of the IMAE in the first five months of 2023 was 1.4%.
The monthly publication, prepared by the Directorate of Macroeconomic Analysis of the Vice Ministry of Economic and Social Analysis, states that this behavior reaffirms the country's solid macroeconomic fundamentals, and is attributed to the coordinated implementation of expansionary monetary and fiscal measures.
According to the report, expectations for real gross domestic product (GDP) growth in 2023 were set at 4.0%, although economic agents expect that by 2024, real GDP will grow around its potential growth of 5.0%.
Regarding inflation, the document explains that it remained within the target range established in the monetary program in June, with a year-on-year variation of 4.00%, the lowest rate recorded since July 2020. As for core inflation, it registered a year-on-year variation of 5.33%.
It details that the groups that most mitigated the variation of the June price index (0.22%) were Housing, with a variation of -0.73% and an incidence of -0.09%, and Transport, with a variation of -0.16% and an incidence of -0.03%.
