The Dominican Republic’s economy expanded by a robust 5% in 2024, exceeding expectations and solidifying the nation’s position as the Latin American and Caribbean economic leader.
The Central Bank attributed the strong performance to a combination of factors, including:• Monetary policy: The Central Bank’s proactive measures, such as interest rate cuts and increased liquidity, supported economic growth while keeping inflation within the target range.• Fiscal discipline: Sound fiscal policies and a focus on debt sustainability contributed to macroeconomic stability.• Foreign investment: The country continued to attract significant foreign direct investment, bolstering its economic fundamentals.• Resilience: The Dominican economy demonstrated resilience in the face of global economic challenges, including geopolitical tensions and rising interest...
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