2012News

Dominican Republic in top three for growth projections

According to quarterly projections released by the International Monetary Fund’s World Economic Outlook, Haiti, Suriname and the Dominican Republic will have the Caribbean’s highest GDP growth rates in 2012.

Haiti takes first place and is projected to grow 4.5% this year, although that is lower than the 6% GDP growth rate projected in a recent report from the UN Economic Commission for Latin America (ECLAC), and far lower than an earlier World Economic Outlook in April, which anticipated Haiti’s economy to grow at a rate of 7.8% in 2012.

Haiti is followed by the Dominican Republic and Suriname, both of which are projected to grow 4 % this year.

The Dominican Republic is projected to grow by 4.5% in 2013.

The Latin America and Caribbean region as a whole is projected to grow 3.2 percent this year, a downgrade from its earlier projections this year.

www.caribjournal.com/2012/10/09/imf-haiti-suriname-dominican-republic-boast-top-regional-growth/