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Dominican Republic economy to grow 5% in 2014

Santo Domingo.- Dominican Republic’s economy will grow 5 percent in 2014, Economic Commission for Latin America and the Caribbean, ECLAC, forecast on Wednesday.

In a report released in Santiago de Chile, the UN agency projected a 3.2% growth for Latin American and Caribbean to economies in 2014, more than the 2.6 percent projected for this year.

The preliminary overview of the regional economies says the modest economic performance in 2013, initially predicted at  around 3% in July, stems from a sluggish external demand, heightened international financial volatility and a fall in consumption.

“The scenario of the world economy to poses opportunities and threats Latin America and the Caribbean in 2014,” said ECLAC Executive Secretary Alica Bárcena.

Source: DT

Category: DR News |

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Last updated October 26, 2016 at 10:54 PM
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