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Dominican Republic to grow 4.1% in 2015

Bogotá.- Panama’s economy will grow 5.8% in 2015; Bolivia will be second with 4.6%, while Dominican Republic will rank third at 4.1%, placing them at the forefront of the countries that will grow this year in Latin America, according to forecasts in the report released today by the ´Business Center´ of Colombia´s Universidad del Rosario, EFE reports.

It said Haiti´s economy will grow 3.2%, Paraguay 3.2%, Costa Rica 3.1% and Honduras 2.9%.

Colombia meanwhile will reach 2.8%, Mexico 2.6%, Peru, Uruguay and 2.5%, Chile 2.3%, according to the Universidad del Rosario.

The report also notes the negative numbers emerging in Venezuela, where the economy is expected to fall -9.4%; Brazil, -2.4% and Ecuador, -0.4%.

“The Venezuelan economic scenario is characterized by increases in unemployment, rampant inflation, drastic devaluation of the currency and shortages of goods necessities,” said Giovanni Reyes, Universidad el Rosario Management Sciences Doctorate director and author of the analysis,

“In general the countries of the Caribbean Basin are favored with 2015 growth rates,” Reyes said. “One of the explanatory factors can be associated to the fact that the United States tends to leave behind, even with upgradable figures, the conditions of economic stagnation.”

Source: DT

Nov 30, 2015

Category: DR News |

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Last updated March 25, 2017 at 5:40 PM
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