The Dominican Republic could experience this year the greater growth between the economies of Latin America and the Caribbean, excluding Guyana, the latter favored with oil exploitation in its territory.
The gross domestic product (GDP) of the country will expand by 4.5% in 2026, a figure higher than those of economies in the region such as Panama (4.1%), Argentina (4%) or Paraguay (3.9%), according to estimates by the World Bank (BM).
The organization’s data, contained in its report World Economic Outlookreflect that the GDP Dominican Republic will be able to grow above the average expected for Central America (3.6%).
The WB estimates also establish an expansion of the haitian economy 2% by 2026, after accumulating at least three years with negative growth. Guyana is the country in the region that will increase its GDP this year, with 19.6%.
Other Latin American and Caribbean nations where the World Bank advance a economic growth Considerable are Guatemala (3.7%), Costa Rica (3.6%), Honduras (3.5%), Suriname (3.5%), Grenada (3.3%), Nicaragua, El Salvador and Dominica, with 3% each.
The organization stated that the planet’s economy is proving to be more resilient than expected, despite persistent trade tensions and policy uncertainty.
However, he indicated that the 2020s are on track to be the most weak growth world since sixties.
Gap in living standards
The report concludes that the deceleration is widening the gap in living standards around the world: by the end of 2025, almost all advanced economies had per capita income higher than 2019 levels, but about one in four developing economies had per capita income lower.
“Every year that passes, the world economy sample less capacity to generate growth and apparently more resilience in the face of policy uncertainty,” said Indermit Gillchief economist and senior vice president of Development Economics at the group World Bank.
WB warnings
Gill warned that “the economic dynamism and resilience cannot go their separate ways for long without causing harm to others. credit markets and public finances.
In the coming years, the world economy will grow at a slower pace than in the troubled 1990s, while maintaining unprecedented levels of public and private debt“.
The executive suggested that, to avoid stagnation and unemployment, governments in emerging and advanced economies must aggressively liberalize private investment and trade, curb public consumption and invest in new technologies and education.
The World Bank’s predictions are similar to those of the International Monetary Fund (IMF), which foresees an acceleration of the economy by 4.5% in 2026, while estimating that inflation will remain around the target of 4±1%. Both organizations position the Dominican Republic as a regional benchmark in terms of economic growth, while positioning it as an attractive destination for international capital.
