The economy Dominican Republic maintains its leadership in the Central American and Caribbean region due to the pace of its growthwhich could decrease slightly in 2025 compared to the projections which are estimated for the end of this year.
Unlike their projections At the end of 2024, which remain positive, both entities slightly contradict their estimates, expecting a growth of the gross domestic product (GDP) real between 4.5% and 5.0%, respectively.
The ECLAC maintains a conservative scenario subject to the evolution of the international economic context, he told Diario Libre. “The rate of unemployment continue without major variation with respect to the 2024 level and that, once the inflationary pressures experienced in 2021-2023 are overcome, the inflation continue within the Central Bank’s target range, around 3.5%,” he added.
For its part, the International Monetary Fund (IMF ) shows a more positive outlook. In its report on economic prospects for the Americas, it considers that both the Dominican Republic, Panama and Central America will be favored by the sustained flows of remittanceswhich, in turn, will encourage consumption within the economy and would maintain a growth “relatively solid.”
Likewise, the organization foresees that the inflation by 2025 it could be 4.0%, three percentage points more than what is expected at the end of this year (3.7%), while maintaining the same deficit current account, located at -3.4% as a percentage of the GDP.
These news are relevant in a context in which a deceleration of the growth in America Latin America and the Caribbean, due to gaps in the growth of the GDPaccompanied by an external situation “practically unchanged.”
Projection at the end of 2024
Both the Economic Commission for America Latin (ECLAC) like the IMF They estimate an upward expansion of the country’s real gross domestic product at the end of 2024, of between 5.2% and 5.1%, respectively.
“It is a high rate of growth estimate that we found in this year’s economic study, and there it is important to highlight the efforts that the country has made; success in reality, -well- it is one of the rates of growth higher than America Latina,” said the executive secretary of the ECLACJosé Manuel Salazar, during the presentation of the study “Social Panorama of America Latina and the Caribbean 2024″, published last Tuesday.
For this United Nations body, the flexibility of the policy monetary, control of inflation within the target range (4% +/- 1%), and a policy More expansive fiscal policy would lead to this result.
Likewise, they expect that the rate of unemployment is above the 5.0% achieved in 2023. Regarding the deficit current account, they expect it to be around 3.6% of the GDPtwo percentage points more than the estimate of the IMFwhich places it at 3.4%.
For this last financial entity, the economy Dominican Republic will grow around 5.1% at the end of this year, 2.6 percentage points more than in 2023 (2.4%), which will be possible thanks to “the firmness of the exports“and to the flow of remittanceswhich allowed a “vigorous” expansion of the economy in early 2024. b
