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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.

Source: DT

April 11, 2016

Category: DR News |

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Last updated March 25, 2017 at 5:40 PM
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