SANTO DOMINGO- The Ministry of Economy, Planning and Development highlights in a preliminary assessment that during the first quarter of this year the economy maintained its path of full recovery of economic growth and raises the need for reforms to make it more sustained and inclusive.
The document “Preliminary economic balance of the first period of 2024 and long-term development challenges” highlights improvements in the level of employment, the maintenance of low levels of inflation, and stability in the monetary, fiscal and external balances.
The report developed by the Minister of Economy, Pavel Isa Contreras, highlights the improvements in the level of employment, the maintenance of low levels of inflation, and stability in the monetary, fiscal and external balances.
The publication from the Directorate of Macroeconomic Analysis of the Vice Ministry of Economic and Social Analysis highlights that the Monthly Index of Economic Activity showed an accumulated expansion in the first quarter of 4.1% and 5.1% for the first four months.
It also notes that the intense dynamism seen in April (7.8%), the highest recorded since December 2021, more than compensated for the weak record in March (1.6%).
It specifies that in addition to the growth observed in the activities of hotels, bars and restaurants (11.0%) and other services in the first quarter, economic activity was favored by the remnants of the monetary stimulus applied since mid-2023 that expanded the supply of credit, as well as government capital spending.
