In the year 2023 it is expected that the economic growth of the Dominican Republic decrease, according to the former President of the Republic, Leonel Fernandez.
Fernández said one of the reasons why the Dominican economy is expected to slow down is due to the Central Bank’s monetary policies, since, prior to Christmas Eve dinner, it has felt less and less circulating.
«So, it is likely that we are already feeling the effects of what that policy means, which would be less circulation of money on the street. Indeed, it has not been felt up to now because people are at home. But I feel that it has not had the impact as in other times »said the former head of state.
The considerations of also the president of the Fuerza del Pueblo party coincide with some economic experts, who believe that there are various factors that could contribute to the decline in economic growth in 2023.
The knowledgeable people who spoke with this newspaper essentially pointed to currencies, inflation, foreign investment and the real estate sector as some of the factors that will also intervene for a good macroeconomic outlook.
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The reports of the central bankMeanwhile, they detail that inflation for the year 2023 on average will be 5.7%, with an expectation that inflationary pressure will decrease. To this is added the monetary policies dictated by said body, which could influence the next 12 and up to 24 months.
Despite this, experts see an economic growth in the country for the next year: “I perceive a growth between 4 and %, it will not be the same as what we are used to, but it will be basically due to the growth of the United States,” he considered Richard Medinawho added that a recovery of private formal jobs is not expected, added to the expected drop in currencies due to the situation in the United States, and a fiscal deficit of close to 3% of the Gross Domestic Product.
