IMF predicts the GDP of the Dominican Republic will remain the same in 2024

He International Monetary Fund (IMF) maintains the projection of economic growth at 5.1% of the gross domestic product (GDP) for the Dominican Republic for 2024. However, it reduces it to 5.0% for 2025.

This moderation reflects the regional trendwhere several countries have reached a growth close to its potential, which the organization considers weak in its most recent report on its economic outlook for Latin America.

He IMF It also highlights that the inflation will continue to decline, although at a gradual rate. Regarding the Dominican Republic, he warns that, although the gaps in the growth and the inflation have been reduced, the monetary policy remains contractionary, and public finances need to be strengthened.

In general terms, the report highlights that the growth In the short term, most countries in the region will remain at a low level, due to persistent problems such as low investment and weak growth of the productivityalong with demographic factors that affect the economic outlook.

Therefore, the IMF recommends a recalibration of economic policies to face these challenges and achieve a growth more sustained in the future.

[object HTMLTextAreaElement] — International Monetary Fund (IMF) (**ARCHIVE**)

The document highlights that the majority of central banks are in a position to proceed to the monetary relaxationso that a balance is achieved between avoiding the risk of new pressures on prices and avoiding excessive economic contraction.

He IMF sees it as worrying that the reform program ongoing in the region is considerably reduced and could lead to a vicious circle below growthsocial unrest and populist policies.

To avoid this situation, the organization recommends continuing with the structural reforms to stimulate growth potential and raise living standards. “Improve governance—by strengthening the rule of law, efficiency improvement government and the fight against crime – is a priority that covers all areas of the growth“.

They will maintain the GDP

Other countries highlighted in the report for the period 2024-2025, which, like the Dominican Republic, will maintain a similar GDP (that is, with a not very distant interannual percentage variation), are:

Uruguay: 3.2% in 2024 and 3.0% in 2025.

Nicaragua: 4.0% in 2024 and 3.8% in 2025.

Honduras: 3.6% in 2024 and 3.5% in 2025.

Guatemala: 3.5% in 2024 and 3.6% in 2025.
Saint Kitts and Nevis: 4.4% in 2024 and 4.3% in 2025

Constant GDP

All these countries presented in the report of the IMF They have growth that remains in a very close range. Likewise, three other countries present an unchanged projection, such as: