Only Panama tops Dominican economic 5.5% growth in 2016
Santo Domingo.- The UN Economic Commission for Latin America and the Caribbean (ECLAC) revised the region’s growth projections of economic activity downwards, and expects an average contraction of -0.6% in Latin America and the Caribbean by 2016, the agency said in a statement.
ECLAC’s 5.5% growth estimate for the Dominican Republic is surpassed only by Panama in the region, with 6.2%.
The new estimate shows that the regional GDP contraction in 2015 (-0.5%) will continue this year.
The new projections reveal a difficult global environment in which low growth, a significant slowdown in emerging economies, particularly China, increased volatility and costs in financial markets and low prices of raw materials in developed countries continue, particularly oil and minerals.
April 11, 2016
Category: DR News |