UN rolls back Dominican Republic projected growth to 5.0%
Santo Domingo.- The UN Economic Commission for Latin America and the Caribbean (ECLAC) has rolled back the region’s economic growth projection in 2015, forecasting a 1.0% climb in GDP.
The UN agency had predicted a 6.0% growth for Dominican Republic in December, revised to 5.0% on Tuesday.
In a statement, the UN agency said the revision reflects a global environment characterized by lower than expected economic dynamics in late 2014.
It said the region is expected to maintain economic growth near the 2014 levels, or 1.1%, according to ECLAC’s annual report, Preliminary Overview of the Economies of Latin America and the Caribbean 2014.
It said Panama will lead the region’s expansion in 2015 with a 6.0% growth of GDP, followed by Antigua and Barbuda (5.4%) and Bolivia, Nicaragua and Dominican Republic (5.0%).