IMF: Dominican Republic 2018 growth of 6.4% the continent’s highest

Santo Domingo.- The International Monetary Fund (IMF) maintains Dominican Republic’s 2018 economic growth forecast at 6.4%, the highest projected growth in the entire continent.

Panama follows the Dominican Republic, with a growth of 4.6%.

“Despite the projected decrease for the economies of Latin America and the Caribbean in 1.2% for this year and 2.2% in 2019, the Dominican Republic will reach the highest growth of the Continent in 2018 and that although it will grow less in 2019 the Dominican GDP will be located in 5%, behavior that will be positive if it is taken into account that it will be in its potential, with a controlled inflation of 4.2% and 4.1% in the years reference, the IMF said.

In its Economic Update report on the economies of the Western Hemisphere, the multilateral financial agency said in all of Central America alone Nicaragua will decrease -4% this year, but the fall will be lower in 2019, of -1%.

Expected growth for Belize is 1.8%; Costa Rica 3.3; El Salvador 2.2%; Guatemala 2.8%, and Honduras 3.5%.