Analysis, data & forecasts on every country across the region

Economy / Dominican Republic

Macroeconomic Forecast Dominican Republic

August 2012 | Macroeconomic Forecasts

The Dominican Republic's foreign reserves contracted by 3.4% year-on-year (y-o-y) in July to US$3.1bn. The ongoing deterioration of the global economic backdrop has had a negative impact on both tourism and remittances in the Dominican Republic, two key sources of foreign exchange inflows for the country. This has resulted in a slower accumulation of reserves than we had previously anticipated, and we are therefore revising our end-2012 foreign reserves forecast from US$4.0bn to US$3.6bn.

To read the full article, please choose one of the following options:

Subcribers please log in