Dominican Republic: Dominican Republic to grow 4.8% in 2021 and 4.5% in 2022: World Bank

Santo Domingo.- After a negative year-end of -6.7% of its GDP in 2020, the economy of the Dominican Republic will reach growth of 4.8% in 2021 and 4.5% in 2022, well above the growth projected for the region by 3.7% for this year and from a large part of the Latin American countries.

The information is contained in the regional chapter of the World Bank’s World Economic Outlook report, released by the multilateral financial agency.

The Latin American and Caribbean region has been severely affected by the pandemic, both from a health point of view and from an economic perspective, the report says.

It indicates that five of the 10 emerging market and developing economies with the highest per capita death rate from this disease are located in the region.

“It is estimated that the regional economy contracted 6.9% last year due to the fact that households and companies exhibited risk-averse behavior and measures to control the pandemic limited activities in the formal sector,” he says.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s