Dominican Republic: 2018 Article IV Consultation-Press Release and Staff Report

International Monetary Fund

No 2018/294, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2018 Article IV Consultation highlights that after three years of robust expansion, the economy of the Dominican Republic moderated to close to its potential level. Economic activity is estimated to have expanded by 4.6 percent in 2017, following above-potential growth of 7.1 percent on average during 2014–16. The growth moderation was concentrated in the first three quarters of 2017. The economic outlook remains positive. The monetary easing in mid-2017 is expected to support a continued recovery in economic activity in 2018. Lower lending rates and stronger credit growth following the easing, combined with higher real wages and employment, are expected to continue to support domestic demand.

Keywords: ISCR; CR; debt; headline inflation; GDP; inflation targeting framework; central bank; debt profile; exchange rate; obligations of the central bank; private sector; Public sector; Fiscal stance; Income; Global (search for similar items in EconPapers)
Pages: 68
Date: 2018-10-24
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