Experts will talk about the opportunity for economic growth in the DR

Experts will talk about the opportunity for economic growth in the DR

Experts in economic and financial matters will speak about the opportunities for economic growth for the Dominican Republic in 2023.

According to a press release, this analysis will be carried out in the Think Economics 2022, annual economics event organized by the Chamber of Commerce and Tourism Dominican Switzerland (CCTDS).

The activity will be held at the hotel JW Marriott Santo Domingo from 8:30 in the morning to 12:00 noon, next Tuesday, December 6.

This year, the event bears the title of “Geopolitics, Risk & Growth, the opportunities and challenges for macro and microeconomics, which has the next year 2023”, emphasizing global projections according to the analysis of Credit Suisse, the first bank in Switzerland in terms of total assets.

“High interest rates, inflation and Russia’s war against Ukraine will cause global economic growth to slow to 3.1% this year,” he said. gaetan bucherpresident of the Chamber.

However, he indicated that the “efficient policies implemented in the country have ensured that the nation ends 2022 with the best results in the region and that it maintains solid growth for next year.”

According to the International Monetary Fund, in its report “Perspectives for the Americas: Navigating more restrictive financial conditions”, Brazil, Chile, Colombia, Mexico and Peru will have growth of 3%. In the case of Brazil, a development of 2.8% is expected, for Mexico 2.1%.

Along with Panama, the Dominican Republic would be the countries with the highest growth, which should avoid premature relaxation of their monetary policies, advance with an inclusive fiscal consolidation that protects social objectives and promote productivity, among other fundamental aspects.

“Dominican banking has a growth forecast. The recovery of private spending and tourism, as well as the dynamism of foreign investment in trade, logistics and renewable energy. In addition, the implementation of large investments in the Public-Private Partnership modality will be an additional element in favor of the growth of the Dominican economy,” Bucher stressed.

Global growth prospects will be analyzed by Alonso Cervera, Chief Economist for Latin America at Credit Suissewho comes to the country to be a speaker at this event.

Also participating in the event will be Rita Hämmerli-Weschke, Swiss ambassador to the Dominican Republic; Alejandro Fernández Whipple, Superintendent of Banks of the Dominican Republic; Ernesto Selman, alternate executive director for Mexico and the Dominican Republic at the Inter-American Development Bank (IDB) and Raúl Ovalle, managing partner of Analytica.

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