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Dominican Today, Dom. Rep., October 8, 2009

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Dominican Economy: GDP growth leader

MIAMI.- The Dominican economy will have Latin America's third-best economic performance the next five years starting next year, according to a Latin Business Chronicle analysis of new forecasts from the International Monetary Fund.

The Dominican GDP is expected to grow an average of 5.2 percent each year during the period 2010-14. Only Panama and Peru will grow more in Latin America.

Venezuela will have the worst macro economic performance in Latin America the next five years. Its GDP will only expand by an average of 0.3 percent, while its inflation will likely reach an average of 32.4 percent. That means Venezuela will have the world's highest inflation in the 2010-14 period, according to the Latin Business Chronicle analysis of IMF forecasts of 186 countries.

For more information, visit http://www.latinbusinesschronicle.com

 

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