2011 Slowdown, 2012 Pick-Up

The Dominican Republic's weaker than expected 4.0% real GDP growth in H111 has prompted us to revise down the country's 2011 headline growth forecast to 3.2%, from 4.9% previously. That said, we expect 2012 to be a stronger year and are only modestly revising down our real GDP growth forecast to 5.5%, from 6.3% previously, despite increased global headwinds.

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