Domin. Rep. Economic Outlook
January 15, 2019The economy continued to boom in the fourth quarter according to preliminary data, rounding off an impressive 2018 during which growth was likely by far the highest in the CENAM region. Q4’s performance was underpinned by the construction and services sectors, with construction benefiting from ongoing projects in the private residential housing, tourism and energy sectors, and services from solid credit growth and low price pressures. Over 2018 as a whole, flash Central Bank figures point to healthy growth in exports, remittances and tourism revenue. This is largely thanks to strong dynamics in the U.S. economy, the Dominican Republic’s key trading partner. On the political scene, the government recently announced its intention to sell a stake in the new Punta Catalina power plant, which could provide a one-off boost to public coffers. The plant, when fully operational, will significantly increase domestic electricity production.
Dominican Republic Economic GrowthGrowth will likely soften this year on easing momentum in the U.S. and tough prior-year comparatives. However, strong fixed investment and private consumption should support the economy, which will continue to perform well compared to regional peers. Downside risks include tighter global financial conditions and vulnerability to severe weather conditions. Met the why particular panelists expect GDP growth of 5.0% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see the economy expanding 4.6%.
Dominican Republic Economy Data
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|Exchange Rate||50.41||0.80 %||Jan 30|
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Dominican Republic Economic News
March 28, 2019
The Dominican Republic’s economy continued to expand at an elevated pace in the first two months of 2019, although year-on-year growth was down somewhat from the rates observed last year, due to a less favorable base effect.
March 13, 2019
Consumer prices rose 0.37% in February over the prior month, contrasting January’s 0.17% decline.
February 28, 2019
Consumer prices fell 0.17% in January over the prior month, following December’s 0.22% month-on-month decline.
January 8, 2019
Consumer prices fell 0.22% in December over the prior month, coming after November’s 0.35% month-on-month decline.
December 27, 2018
According to a preliminary estimate released by the Central Bank on 27 December, the economy expanded 7.1% in annual terms in the fourth quarter.