Dominican Republic

The Dominican Republic's economy is expected to grow 3% this year, its presidency said in a statement on Wednesday, marking a slowdown from previous levels and below recent forecasts, Reuters reported. The growth forecast would mark a slowdown from the 4.9% posted last year and the International Monetary Fund's June estimate of 4%. The IMF had forecast that growth would return to around 5% next year. The Caribbean country's inflation should meanwhile remain "within normal parameters" this year, the presidency said in the statement.

The Dominican Republic's real economic growth is projected to decelerate slightly to around 4% this year due to delayed effects of financial tightening and lower global demand, the International Monetary Fund (IMF) said on Thursday, Reuters reported. The Caribbean country's economy is expected to return to its trend of about 5% expansion next year, as global financial conditions and the world economy recover, the IMF said in a statement. Read more.