Macroeconomic Forecast Dominican RepublicMarch 2010 | Macroeconomic Forecasts
Estimating a real GDP growth rate of 1.9% in 2009, we are forecasting an economic expansion of 3.3% in 2010. We see the Dominican Republic's economic recovery in large part driven by a rebound in fixed investments into the economy, which will contribute some 0.72 percentage points (pp) to headline growth this year, in contrast to an estimated drag of 4.39pp last year. Nevertheless, we see the percentage point contribution of private consumption growth declining to 3.94 this year from 5.53 in 2009, highlighting growing concerns about inadequate infrastructure and chronic electricity shortages.
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