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GDP growth hits 10%.

Gross Domestic Product growth hit 10.6% for the third quarter, and 7.3% for the first three quarters, according to the Central Bank, which added that national production has been fortified by macro-economic stability as demonstrated by the relative stability of the currency exchange rate, a slow inflation rate and the gradual reduction of interest rates, reports DR1 Daily News (Nov. 30, 2005). The report also shows that private consumption grew by 17.4% over the quarter. The most active areas of the economy were communications (up 25.4%), commerce (up 19%), tourism (up 5.5%) and transportation (up 7.8%).
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Title Annotation:Dominican Republic
Publication:Caribbean Update
Article Type:Brief Article
Geographic Code:5DOMN
Date:Jan 1, 2006
Words:102
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