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search IMF Statement On DR
'The early results of the authorities’ economic program have been impressive. There is a clear economic expansion and real gross domestic product (GDP) is estimated to have grown by 7.5 percent in the first quarter of 2010 (year-on-year). Exports, imports, tax collections and private credit are expanding at healthy rates. While the 12-month inflation rate is above the 6-7 percent target of the Central Bank, this is mostly due to higher fuel and some food prices; core inflation (which excludes these prices) is still below 3 percent on an annual basis. It is expected that for 2010 as a whole, real GDP will grow between 5 and 5.5 percent, while inflation will be contained within the Central Bank’s target.' The press release continues here: 0 Comments
Posted on 05 Jun 2010 by Ginnie
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