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Dominican Republic’s 3% growth in 2013 on par with the Caribbean

Santo Domingo.- The Dominican economy will grow 3% this year, the same as the forecast for Latin America and Caribbean , and similar to last year rate, says a new report from Economic Commission for Latin America (ECLA), released yesterday in Santiago, Chile.

In its Economic Survey of Latin America and the Caribbean 2013, ECLAC notes that the decline in growth compared with the last estimate (3.5% in April) is due in part to deceleration in Brazil and Mexico.

At a press conference, ECLAC also said several countries which had boasted high growth rates, such as Chile, Panama and Peru, show a slowdown in economic activity in recent months.

The report adds that the region shows some weaknesses with short and long term affects on the current negative backdrop abroad, a high dependence on exports to Europe and China and a growing current account deficit among them.

Source: DT

Category: DR News |

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Last updated October 22, 2016 at 2:00 PM
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