The International Monetary Fund has revised its 2019 projected real GDP growth rate for the Dominican Republic. This is now at 5.1%, compared to an earlier estimate of 5.5%. This is down from growth in 2018 that at 7% was the highest in the Americas. The data is contained in the World Economic Outlook Report issued by the IMF on 10 April 2019.
Likewise, it has reported a projected consumer prices rate of 1.4%, significantly lower than the forecasted inflation rate of 4%. This is up from 1.2% at year’s end 2018. The Central Bank reported first quarter 2019 inflation of 0.86%.
The slowdown is comparable with global forecasts in general. The IMF report states: “After strong growth in 2017 and early 2018, global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies. Global growth is now projected to slow from 3.6 percent in 2018 to 3.3 percent in 2019, before returning to 3.6 percent in 2020.”
11 April 2019