The International Monetary Fund (IMF) projects that the Dominican economy will grow 9.5% in 2021, a percentage slightly higher than the 9.1% recently estimated by the World Bank.
The positive projection is contrary to the -6.7% drop recorded by the local economy in 2020, as a result of the economic closures imposed by the COVID-19 pandemic.
With higher percentages than the Dominican Republic, the IMF only places Guyana (20.4%), Aruba (12.8%), Panama (12%), Chile (11%), and Peru (10%) in the region. The figures are compiled in the World Economic Outlook report, released yesterday.
Latam: region with the highest inflation
The IMF also estimates that Latin America will have an inflation rate of 9.3% in 2021, which means that it will be the region with the highest price increase in the world.
The IMF’s chief economist, Gita Gopinath, said in a press conference that the entity has detected generalized inflation in Latin America because it has been affected by the increase in energy and raw material prices and the different rhythms of national demands.
In its report, the IMF says headline inflation is projected to peak in the last months of 2021 and then return to pre-pandemic levels by mid-2022 in most economies.
Source:
Diario Libre
