Sluggish economic trend concerns experts

Santo Domingo.- The current economic slowdown concerns economists of the State University UASD, who cautioned that if the trend continues, growth would reach only 4% by 2023.

“If by 2023 the economy falls to a growth that we estimate of 4%, we’ll face difficulties in meeting international commitments,” said Juan Del Rosario, of the UASD Economic Faculty.

“After weighing the risk, the downward trend in the projected real GDP growth rate for 2019 for the Dominican economy is explained by the global uncertainty related to the moderate slowdown in the economy of the United States, which grew 3.0% in 2018 and is projected to be 2.7% in 2019, in the European Union and in mainland China,” indicates the report by Del Rosario and researchers Eduardo Vásquez, Teresa Amelia Pelletier and Juan Leonel.

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