Economic Indicators 2019 ( Source FocusEconomics)
Dominican Rep. Economic Outlook
November 5, 2019
The economy gained steam in the third quarter according to preliminary data. While a sectoral breakdown is still outstanding, recent monetary easing was likely a key driver, as it boosted credit growth and should have buttressed domestic activity. This comes after a marked slowdown in the second quarter on the back of a less favourable external environment and domestic political uncertainty due to the primaries.Dominican Republic Economic Growth
Economic activity is set to ease next year on slower momentum in the U.S.—the key source of remittances, tourist arrivals and exports. However, growth will continue to compare favorably to regional peers. Volatile energy prices, and a possible stronger-than-expected U.S. slowdown are the main downside risks. FocusEconomics panelists see the economy expanding 4.6% in 2020, which is unchanged from last month’s forecast, and 4.4% in 2021.
Dominican Republic Economy Data