IMF Executive Board concludes 2017 Article IV Consultation with the Dominican Republic
Washington DC.- The Dominican economy maintained the strong growth momentum of the past three years, which is only now beginning to taper off towards potential. Growth averaged 7 percent since 2014, outperforming most emerging markets and all the economies in the Americas, buoyed by domestic demand. Real GDP expanded by 6.6 percent in 2016, with both consumption and investment easing in the second half of the year as financing conditions tighten.
Labor markets and social indicators are steadily improving, and real labor income has begun to catch up to strong productivity growth in the last two years, after remaining stagnant for over a decade.