According to Cepal, the Dominican economy is among the fastest growing economies in 2023

Economy dominican republic It will be one of three countries that will grow by the most in 2023 in the region, 4.6%, according to forecasts released Thursday by the Economic Commission for Latin America and the Caribbean (CEPAL).

this Organism From the United Nations based in Santiago de Chile in a statement that the Dominican Republic offers the same growth rate as Panama (4.6%) while Venezuela It appears in the estimates as the Latin American country with the greatest progress, 5%.

After these economies, this is to be expected Paraguay (4.2%), Caribbean Islands (3.5%), Guatemala (3.2%), Honduras (3%), Costa Rica (2.7%) and Nicaragua (2.3%),

in the middle of th projection table ECLAC growth rates are El Salvador, Uruguay, Peru, Ecuador and Boliviawith an estimate of 2%, followed by Cuba and Mexico, up 1.5%.

At the bottom, but still positive numbers, are Colombia (1.2%) and Brazil (0.8%), while Chile (-0.3%), Haiti (-0.7%), and Argentina (-2%) are the only countries that will do so. going down this year.

to global levelThe Economic Commission for Latin America and the Caribbean downgraded its growth forecast slightly regional gross domestic product for 2023 from the 1.3% estimated last December to 1.2%, mainly due to “growing external uncertainties and internal constraints”.

According to this institution, the script “complicated” Because, to the increases in interest rates around the world, “I add the financial turmoil that was observed at the beginning of March,” such as the bankruptcy of various banks, including the Silicon Valley Bank, in the United States.

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“the prediction The report warned that the growth period in 2023 is subject to downside risks due to the possibility of re-emergence and intensification of disturbances in the global banking system, which will lead to a continuous tightening of global financial conditions.

For ECLAC, the region once again has space this year “Limited” For fiscal policy and “it is not expected that the monetary easing cycle in the region will circulate yet.”

inflation in latin america And the Caribbean, he added: “It shows a downward trend, and although it is expected that the process of raising interest rates will be close, interest In many countries in the region, the effects of restrictive policy on private consumption and investment will be felt more strongly this year.”

Latin America, the most Unequal In the world most affected by the epidemic, it grew by 6.9% in 2021, in the form of a recovery after the crash of 6.8% recorded in 2020, which is the largest recession in 120 years.

the slowing down In the region that started in the second half of 2022, which closed with an estimated growth of 3.7%, according to the Economic Commission for Latin America and the Caribbean, which has not yet provided the final figure in this regard.

Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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