In its latest forecasts, the United Nations’ Economic Commission for Latin America and the Caribbean (ECLAC) estimates economic growth in the Dominican Republic will be 5%, much higher than the regional growth rate of 1%, 3.2% for Mexico and Central America, and 1.9% for the Caribbean.
ECLAC reports that countries that will lead the region’s expansion during 2015 will be Panama, with a 6% increase in its GDP, Antigua and Barbuda (5.4%), and Bolivia, Nicaragua and the Dominican Republic (5%). ECLAC adds that the higher growth rates are in part due to country greater links to the recovering US economy, and one to these countries benefiting from lower crude prices.
ECLAC says there will be less economic dynamism than what was expected at the end of 2014, with a deceleration of emerging economies. Nevertheless, the region is expected to keep economic growth at around the same level as in 2014 (1.1% according to the ECLAC 2014 Annual Report).
http://www.cepal.org/en/pressreleases/economy-latin-america-and-caribbean-grow-around-1-2015-according-eclacs-latest