The latest forecasts for Latin America and the Caribbean point to an average growth rate of barely 1.2% in 2015, the same real rate from 2014 and nearly a point (0.9%) below last October’s forecast. However, the International Monetary Fund (IMF) told reporters yesterday, Wednesday 21 January 2015 that the Dominican Republic’s performance is very favorable, with elevated growth rates in the last year and significant increases in tourist arrivals generating good cash flows.
The IMF director for the Western Hemisphere, Alejandro Werner, was responding to a question from Listin Diario during an online conference from the Fund’s headquarters in Washington, DC. Werner stated that to say that everything was being taken care of at the macro level “has been seen several times” and that it turns out to be the prelude to certain problems, “but clearly in the Dominican Republic we see a very favorable performance by the economy.”