The Dominican Republic will grow 4.3% in 2013, reports the World Bank in its newly published report on Global Economic Prospects 2013. The forecast is for the country to grow 4.5% in 2014 and 4.8% in 2015, according to the World Bank.
It is not known if in the projections took into account the taxation increase passed in late 2012 and its effects on the economy.
Dominican Republic is expected to grow slightly more than the regional average of 3.5% in 2013, increasing to 3.9% in 2014-15.
Overall growth rate for the world is estimated at 2.3-2.4% in 2012 and 2013 respectively, strengthening gradually to 3.1% in 2014 and 3.3% in 2015.
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