The International Monetary Fund (IMF) improved economic growth projections for the Dominican Republic in 2021, estimating an expansion of the Gross Domestic Product (GDP) of 5.5% for this year, according to the Global Economic Outlook report, published this Tuesday.
The IMF’s new calculation of the national economy is higher than the 4% that the agency had predicted last October. For this year, the country’s GDP will expand above the average for Latin America and the Caribbean, which the fund projects will be 4.6%.
Only Guyana (16.4%), Panama (12%), and Peru (8.5%) will grow more than the country in 2021 in the Latin American and Caribbean region, according to the projections of the fund, which estimates that by 2022 the economy Dominican will increase by 5%.
Regarding the consumer price index, the IMF estimated in its most recent document that it will end in 2021 at 6.2%, higher than the 4% that the agency projected in its October report.
The Monetary Fund projects that the world economy will grow 6% in 2021 and 4.4% next year, after an estimated historical contraction of –3.3% in 2020.
The Chinese economy will experience growth of 8.4% this year and the US 6.4%, according to the agency’s calculations, which indicates that India’s GDP will expand by 12.5%.
“The projections for 2021 and 2022 exceed the figures from the October 2020 report. The upward revision reflects greater fiscal support in a few large economies, the recovery expected for the second half of 2021 thanks to vaccines and the continued adaptation of economic activity to reduced mobility ”, explains the IMF.
However, it indicates that the outlook is subject to great uncertainty related to the course of the pandemic, the effectiveness of support during the transition until vaccines facilitate standardization and evolving financial conditions.
Source:
Diario Libre
