Economy October 2, 2019 | 11:31 am

Dominican economic growth is world’s 9th highest

Santo Domingo.- The global uncertainty and the challenges ahead for the Dominican economy were on Wed. analyzed by the IMF’s director for the Western Hemisphere, Alejandro Werner, in an exclusive interview for Listín Diario, to mark its 130 years.

When asked to consider the Dominican economy’s current performance in a local pre-electoral context and of global uncertainty, Werner said: “First of all, I would like to point out that the rapid growth registered by the Dominican Republic in the last five years is remarkable.”

He affirmed that the economy expanded by an average of 6Ω% in that period and the growth reached a maximum of 7% in 2018.

“That is the highest rate Latin America and the Caribbean and the ninth fastest in the world. Thanks to the economic expansion and social policy that the government focused on, many new jobs have been created, real income has increased, and poverty and inequality have declined significantly.”