May 14, 2019
Valdez forecasts 2019 economic growth will exceed 5.5% in 2019, down from 7% in 2018
The Dominican Republic’s economic growth slowed to 5.7% in 2019’s first quarter from 6.4% a year earlier, according to central bank governor Héctor Valdez.
Growth had been expected to moderate in 2019 but remain strong, thanks largely to the Caribbean country’s robust tourism and mining industries. The Dominican economy, one of the most resilient in the region, has expanded an average of 6.3% over the past five years.
Valdez also said inflation would come in at the lower end of the 2019 projection, which is one or two percentage points above or below 4%.
“Undoubtedly, these low inflationary pressures give us ample opportunities to stimulate the economy in case risks arise in the international economy,” he said.