The Dominican Republic’s economy will grow by 5% in 2014 after closing this year at an estimated 3%, according to a new report from the Economic Commission for Latin America and the Caribbean (ECLAC) that was released yesterday, Wednesday 11 December. <\/p>\n
According to ECLAC’s annual report Preliminary Overview of the Economies of Latin America and the Caribbean 2013, the Dominican Republic will close this year with a growth level lower than Paraguay (13%), Panama (7.5%), Bolivia (6,4 %), Peru (5.2%), Jamaica (4.8%), Nicaragua (4.6%), Uruguay (4.5%) and Argentina (4.5%), followed by Chile (4.2%), Colombia (4%), Haiti (4%) and Honduras (4%). The country is also below Ecuador (3.8 %), Guatemala (3.4%), Costa Rica (3.2%), and tied with Cuba (3%). The countries with a growth rate lower than the Dominican Republic are Honduras (2.6%), Brazil (2.4%), El Salvador (1.7%), Mexico (1.3%) and Venezuela (1.2%). For 2014 the regional growth rate will be headed by Panama (7%), followed by Bolivia (5.5%), Peru (5.5%), Nicaragua (5%), RD (5%), Colombia, Haiti, Ecuador and Paraguay (4.5%).<\/p>\n
The economies of Latin America and the Caribbean will expand by 3.2% in 2014, which is higher than the 2.6% from the end of 2013, according to a new ECLAC report launched yesterday, 11 December at a press conference in Santiago, Chile.<\/p>\n
ECLAC points out that less buoyant external demand, greater international financial volatility and falling consumption were the factors determining the more modest economic performance of countries in 2013, which brought down the 3.0% estimate put forward by the Commission in July.<\/p>\n
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The Dominican Republic’s economy will grow by 5% in 2014 after closing this year at an estimated 3%, according to a new report from the Economic Commission for Latin America and the Caribbean (ECLAC) that was released yesterday, Wednesday 11 December. According to ECLAC’s annual report Preliminary Overview of the Economies of Latin America and … <\/p>\n