IMF: Dominican Republic Economy Will Grow 9.5% In 2021

• The International Monetary Fund (IMF) projects that DomRep’s economy will grow 9.5% in 2021, 40 basis points  higher than the 9.1% recently estimated by the World Bank. A swift vaccination campaign and resilient private consumption will drive domestic activity. 
• The positive projection is contrary to the drop of -6.7% registered by the DomRep economy in 2020, as a result of the economic closures imposed by the COVID-19 pandemic. 
• Based on  IMF projections, only Guyana (20.4%), Aruba (12.8%), Panama (12%), Chile (11%) and Peru (10%) from the region are expected to grow at a faster pace than the Dominican Republic.

(Source: IMF & Dominican Today)