World Bank and IMF forecast 5.5 % growth in 2021 for Dominican Republic

The Central Bank of the Dominican Republic (BCRD), in order to keep economic agents, business groups and society in general duly informed, presents the economic growth projections for the year 2021 for the Dominican Republic and the rest of Latin American countries, recently published by the International Monetary Fund (IMF) and the World Bank.
International Monetary Fund (IMF) and the World Bank.

It is important to mention that these projections of 5.5% in 2021 for the Dominican Republic are consistent with the BCRD’s forecast models and with what was previously disclosed by risk rating agencies, such as Moody’s, and international banks, such as Bank of America, that
banks, such as Bank of America, which have projected expansions above 6.0 % for this year.

As can be seen in these graphs, the outlook for the Dominican economy is favorable and reflects its resilience, as evidenced by the positive signals being observed in tourism, the dynamism of remittances and foreign direct investment, as well as the progressive recovery of domestic demand and the productive sectors.

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