Abinader meets with entrepreneurs who say they are "confident" about the country's growth

Santo Domingo. - President Luis Abinader led a meeting this Wednesday at the National Palace with entrepreneurs and productive sectors of the nation, who affirmed to be confident and optimistic about the country's growth. During the meeting, the president spoke with the different sectors and with the linking of the productive sector at the national level, said a statement from the Palace.

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The Minister of Industry, Commerce and Mipymes, Víctor (Ito) Bisonó, assured that the national productive sector maintains full confidence in the authorities and in the country's economic direction, after a meeting led by President Luis Abinader and different productive sectors of the country.

“We are jointly reviewing how international variations affect our economy, from the inputs we import for the industry to discussions about tariffs with the United States. The news we shared today has been positive,” the minister expressed.

The minister also highlighted that sectors such as the National Council of Private Enterprise (CONEP) and the agribusiness underscored the country's dynamism in terms of productive diversification and exports. For his part, the president of the National Council of Private Enterprise (CONEP), Celso Juan Marranzini, valued as positive the conclusions of the meeting held between Abinader and representatives of the main productive sectors of the country within the framework of the price and supply tables. In the meeting, importers, wholesalers, merchants, and industrialists participated, with the aim of reviewing the impact of the global economy and its impact on internal trade. Marranzini explained that the effects of international variations, tariff discussions with the United States, and the evolution of the local industry were analyzed. He highlighted that the Monthly Index of Economic Activity (IMAE) has registered two consecutive months of increase, reflecting a rebound in the national economy. He also highlighted the dynamism of exports and the positive effect that the recent 0.25-point reduction in the interest rate by the United States Federal Reserve could have in the medium term. The businessman pointed out that, looking ahead to the end of the year, a favorable outlook is expected for supply, economic growth, and employment. He emphasized that, according to data from the Central Bank, informality has been decreasing and employment levels have increased, which constitutes "very good news" for the Dominican Republic.