The Morgan Stanley investment bank affirmed that the Dominican Republic has exhibited rapid and solid economic growth and a positive fiscal trajectory that places it as one of the most attractive emerging markets.
“A strong recovery in tourism, a record level of remittances, high income rates, together with reforms in the energy sector, leave us with a positive view of the Dominican Republic,” the firm said in a report titled “A bright spot in emerging markets”.
The bank points out that last year’s recovery -of around 11% of GDP- will continue in 2022, placing the country with one of the highest growth rates in the region. He explained that the factors that will continue to drive growth will be tourism, construction, foreign direct investment and the consumption of high flows of remittances.
