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DR economy to benefit from exports demands from the U.S.

Santo Domingo.– Central America, Dominican Republic, and Panama are expected to see an economic growth of 3.25 percent during 2014 and exports demands from the U.S. are expected to contribute to such positive figure, the International Monetary Fund (IMF) revealed.

The IMF noted an offset may occur due to rising external financial costs and “idiosyncratic factors, such as the need for fiscal consolidation and the impact of the coffee roya disease,” the Latin Post reported Friday.

According to the IMF’s “Regional Economic Outlook: Western Hemisphere: Rising Challenges” report, any estimated growth for Central America, Dominican Republic, and Panama will be due to exports into the U.S.

“Reduced financing from Venezuela under the PetroCaribe program could also weigh on growth in some countries- especially the Dominican Republic and Nicaragua,” the Latin Post stated citing the IMF report, which emphasized that a priority for the region is to raise productivity despite constraints by weak business environments, poor infrastructure, and security problems.

Source: DT

Category: DR News |

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Last updated December 5, 2016 at 9:13 AM
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