Dominican Republic will reach “exceptional” economic growth

According to World Bank

On Wednesday April 18th the World Bank said that the Dominican Republic, together with Panama could be the only countries in the region that achieve “exceptional” economic growth in the future.

Augusto de la Torre, World Bank chief economist for Latin America and the Caribbean, said that growth rates in these countries reflects great efforts that will be made for the 2013 forecasts and that low inflation rates are one of the key issues.

The report, “Latin America faces volatility-the dark side of globalization”, stated that Peru, Panama, Dominican Republic and Colombia would grow at a higher rate than average for the region, although, overall, the forecasts have dropped a point due to economic uncertainty in Europe.

The Dominican Republic is set to grow by 4.5% this year and next according to projections by the International Monetary Fund

Dominican Republic Live, from DR1, 20.04.12, 10.15am

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