{"id":10452,"date":"2024-05-31T15:11:27","date_gmt":"2024-05-31T15:11:27","guid":{"rendered":"https:\/\/dmklawyers.com\/?p=10452"},"modified":"2024-05-31T15:11:30","modified_gmt":"2024-05-31T15:11:30","slug":"morgan-stanley-highlights-very-positive-outlook-on-the-dominican-economy","status":"publish","type":"post","link":"https:\/\/dmklawyers.com\/en\/morgan-stanley-highlights-very-positive-outlook-on-the-dominican-economy\/","title":{"rendered":"Morgan Stanley highlights “very positive” outlook on the Dominican economy"},"content":{"rendered":"\n

Governor Valdez Albizu received a delegation from four credit entities evaluating the country’s economic situation.<\/strong><\/p>\n\n\n\n

The Governor of the Central Bank of the Dominican Republic (BCRD), H\u00e9ctor Valdez Albizu, welcomed a delegation of international investors led by the investment bank Morgan Stanley, to hold a discussion on the current state and prospects of the Dominican economy.<\/p>\n\n\n\n

During the meeting, held at the BCRD, the multinational financial firm, as stated by its representative Ra\u00fal Gallegos, emphasized the strength that the Dominican Republic reflects compared to other economies in the region, as indicated in a press release by the entity.<\/p>\n\n\n\n

Gallegos highlighted the “very positive” outlook on the credit rating of the Dominican Republic compared to other countries in the region and the satisfactory performance of bonds, coupled with the results achieved in various economic, monetary, and financial parameters.<\/p>\n\n\n\n

He also highlighted a favorable business climate, which bodes well for international investors turning their attention to the Dominican Republic.<\/p>\n\n\n\n

Meanwhile, Governor Valdez Albizu emphasized the outstanding resilient performance of the Dominican economy in recent years, noting that since the second half of 2023, economic activity has maintained a process of recovery, supported by monetary stimulus measures and increased public investment.<\/p>\n\n\n\n

The press release underlines that the economy recorded a year-on-year expansion of 7.8% in April 2024, contributing to an average growth of 5.1% in the first four months of the year, close to its potential.<\/p>\n\n\n\n

Turism’s Impact on Economic Growth Highlighted<\/strong><\/p>\n\n\n\n

The Governor highlighted the leading role of tourism in economic recovery, resulting from the arrival of 4.2 million non-resident visitors during the first four months of 2024, equivalent to a 12% year-on-year increase, of which approximately 3.1 million arrived by air and 1.1 million by cruise.<\/p>\n\n\n\n

He also emphasized the year-on-year growth of value-added during the January-April period of this year:<\/p>\n\n\n\n