The London-based Economist Intelligence Unit (EIU), a highly-respected, widely-read political and economic information and analysis service, reported this week that the DR’s 1998 growth rate was one of the highest in the world, and several times higher than the average for Latin America. The EIU says that the Dominican economy grew 7.3% last year, one of the highest, despite the severe damages caused by Hurricane Georges to many sectors of the economy. It predicts a 1999 growth rate in the DR’s Gross Domestic Product (GDP) of 6.8%, higher than that forecast for China, India (6.5%) and Taiwan (4.4%), and far higher than the average of 0.8% predicted for Latin America as a whole.
