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SANTO DOMINGO.- Dominican Republic’s economy grew 7.5% in the first half, a notable recovery compared with the same year ago period when the Gross Domestic Product reached 1.4 percent.

The Central Bank said the growth, as to production, was reached in the wake of the stimulus applied to most of the economic activities since last year to facilitate the flow of funds, helped stabilize the exchange rate and curb inflation.

The construction sector led the growth with 15% compared with -19% the same period the previous year; commerce with 14%, energy and water 10.6%, manufacturing 9%; financial intermediation and insurance 9.7%; and farming and communications 7.8%.

It noted that the RD$24.5 billion in loans for the private sector’s construction spurred the growth of more than 18.5% compared with the same period last year.

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COMMENTS
9 comment(s)
Written by: juanb, 31 Aug 2010 8:30 AM
From: Dominican Republic
Government figures are always good for a laugh.

I wonder what the real numbers are.
Written by: THINK, 31 Aug 2010 11:17 AM
From: United States, SDQ -- Mia --NY

Agree.....

and I think the government need to hire one capable person overseas who in not lying as the mots government officials.

But, the thing is if he is not lying, then he will be pushed out by his peers.....

So, let's everybody dancing and lying together might be a better alternatives.....
Written by: Ricardolito, 31 Aug 2010 12:13 PM
From: Dominican Republic, vieja Santo Domingo
you need to do a little better than just repeating all the time that all the government figures are wrong ...if you could look at sales of building material items or the growth or decline in loans from banks or the number of building applications and then apply them to give you some logical reason why you should say these figures are wrong ,then maybe you can say the government figures are wrong ,,but when you talk like a parrot then it is hard to believe you know any real facts .
Written by: TheTruth, 31 Aug 2010 1:59 PM
From: United States, Boston
Drug money is mostly doing all the new construction finance .
Written by: Escott, 31 Aug 2010 4:11 PM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
Government buildiing of roads is the only possibility of any increase. What a laugh. Unless you are blind, have blinders on like Little Richard you know that these figues are PURE BS.
Written by: Ricardolito, 31 Aug 2010 4:32 PM
From: Dominican Republic, vieja Santo Domingo
Escott ..can you not read here the last sentence ..it is talking about the growth of private construction ;Maybe you can tell us why these figures are pure bull shit ..I am sure you can not .
Written by: corruptman, 31 Aug 2010 7:14 PM
From: United States
Ric...you are the parrot, I know the facts, and the facts are simple as I have written a dozen times, The Central Bank nor anyone else in this country has the capability of measuring any economic statistic. I work with these numbers everyday, and am in a position to tell you the numbers are all bogus. You can defend and rant and rave all you want, but you are just blowing meaningless air. The numbers are fake, just as the claims of a free press, freedom of speech, and any other tirade you wish to persue to attempt to convince people that the DR is headed (no make that already is) a socialist state, run for the benefit of few to the detriment of the massses.
Written by: jhcl2012, 1 Sep 2010 10:58 AM
From: United States
I can attest to that!!!

www.plazacoral.net
www.facebook.com/plazacoral
Written by: DONT_BE_SILENT, 1 Sep 2010 9:17 PM
From: Dominican Republic, NEVER FORGOTTEN, NEVER FORSAKEN!
Good. More jobs for the crew.
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