The Minister of Economy, Planning and Development, Pável Ernesto Isa Contreras, outlined the challenges that, in the context of the post-pandemic recovery of productive activity, the Dominican Republic faces, which he cited; reduce the unemployment rate, increase formal employment, lower inflation and reduce the poverty rate.
Isa Contreras described the factors that from 2021 contribute to the recovery of the economy. In that sense, itpointed out that 61% of economic growth last year fThis is explained by gross capital formation and practically more than 95% is private investment.
He highlighted that the investment coefficient (gross capital formation/GDP) remained above 30% throughout 2021. He indicated that final consumption explains 38% of real economic growth, which is half of the contribution of 2019- 201.
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The official referred to the subject when giving a conference on the economic perspectives of the Republicto the Dominican for the second semester of 2022, orgOrganized by the Chamber of Commerce and Production of La Vega and the Ministry of Economy, Planning and Development, according to a note.
Irlonca Tavárez, president of the Chamber, offered the words of welcome and introduction to the participation of the economist.
“As a Chamber of Commerce we feel committed to putting on the table the issues that are crucial for our development. One of the actions that link our strategic axes for the integration and productive activation of La Vega is precisely the business lunch”, said Tavárez.
The activity, which brought together representatives of the vegan business community, was attended by Kelvin Cruz, mayor of the municipality of La Vega, Luisa de La Mota, provincial governor, Senator Ramón Rogelio Genao, Vladimir Viloria, president of the Council of Coraavega, among others.
