The Central Bank of the Dominican Republic (BCRD) indicated that the behavior of the tourism sector, which was impacted by the effects of the Covid-19 crisis, exhibits a firm trend towards recovery, which has been appreciated with the arrival of non-resident passengers to the country.
The entity highlighted that the tourism industry reached the figure of 390,948 non-resident visitors in May 2021, that is, a proportion of 74.1% compared to the 527,732 non-resident passengers received prior to the pandemic, in the same month of 2019.
In general terms, the financial institution headed by Héctor Valdez Albizu maintains that the Dominican economy continues to show signs of improvement and in May it registered a growth of 21.2 percent according to official data. Together, between January and May, the expansion was 13.4%.
The Central Bank assumes that if the recovery path shown continues, the economy will end in 2021 with a growth of between 8.0% and 9.0%, conservatively, and with an upward bias, according to the models and the forecasting system.
Source:
Arecoa
