Dominican Republic to lead region with 6.0% growth: UN

Santiago, Chile.- TheUnited Nations Economic Commission for Latin America and the Caribbean (Cepal)on Tuesday forecast a contraction of theregional economy by 0.8% this year, two tenths more than its previous forecast,a decline of 0.6%, EFE reports.

“The projection also exceeds by 0.3 percentage points theregion’s 0.5% decline in 2015 and shows a very heterogeneous behavior amongcountries and sub regions,” says ECLAC’s new report released in Santiago, Chile.

The agency stressed the urgent need to mobilize investment,both public and private, to promote economic recovery in the region and meetthe challenges posed by the 2030 Agenda for Sustainable Development.

The ECLAC said the Dominican Republic will lead the region with6.0%, followed by Panamá (5.9 %), Nicaragua and Bolivia (4.5 %), Costa Rica (4.3%), Peru (3.9 %), Costa Rica (3.5 %), Guatemala (3.5 %), Honduras (3,4 %),Paraguay (2.8 %), Colombia (2.7 %), México (2.3 %) and El Salvador (2.3 %),among others.