A recent report from the World Bank states that the Dominican Republic would be one of the few countries in Latin America to experience positive economic growth in 2022. Undoubtedly, the news soothes the worries of many, especially investors and business owners. In the recent report “Global Economic Prospects” (June 2022), the World Bank says that barely two dozen countries might have positive economic growth. The Dominican Republic is included. The World Bank sees the DR with a 5% growth this year and next, which is far from the 2% predicted for many other countries in the region. Some of the much smaller countries in the area, such as the Bahamas, Barbados and Panama could well see GDP increases of up to 8.3%, but with a fall-off next year.
According to the Central Bank of the Dominican Republic, the country experienced a 5.8% GDP growth in the first third of the year. The high GDP growth is a recovery of lost income due to the pandemic. The International Monetary Fund and Moody’s Risk Assessment see the Dominican Republic likely to have that 5% GDP growth rate this year. The first quarter was pegged at 6.1% but a downturn in April lowered the four-month average to 5.8%.
Read more in Spanish:
Listin Diario
13 June 2022