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Thursday, August 10, 2006 

August, 10 - 6:50 AM

Dominican economy grew 11.7 percent in first half of 2006

Santo Domingo.– The Dominican Republic's economy grew 11.7 percent in the first half of this year as country continues its recovery from a punishing economic recession, the Central Bank said.

Real gross domestic product has grown at more than 11 percent for four straight periods, powered by particularly strong growth in the construction and telecommunications sectors, the bank said.

"This is stronger than expected," said Pablo Morra, a Goldman Sachs economist specializing in Latin America, who credited sound government policies and improved domestic sentiment with powering the nation's economy forward.

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