According to the International Monetary Fund (IMF), the Dominican economy is projected to grow by 5.5% this year and 5% in 2019.
Overall in Latin America growth is anticipated to be 2% that is higher than previously estimated, due in large part to Brazil’s economic forecast that has increased from 1.9% to 2.3%. Mexico maintains a growth forecast of 2.3% but Chile has increased its forecast (from 3 % to 3.4 %) along with Ecuador (from 2.2 % to 2.5 %). The figures in the region are also affected by the economic crisis in Venezuela with a contraction of growth estimated at 15% for this year and 6% for 2019. There are also decreases in forecasts for Argentina from 2.5 % to 2 %, Colombia (from3 % to 2.7 %) and Peru (from 4 % to 3.7 %).
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IMF
18 April 2018
