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View Full Version : Economic drop is pronounced



NewsWhore
10-02-2009, 02:20 PM
The International Monetary Fund (IMF) calculates that the Dominican Republic will see growth of 0.5% this year and 2% in 2010, the same numbers that it predicted for the country last April, according to its latest "World Economic Outlook" report.
Last year the country's GDP grew by 5.3%, according to the report. The IMF did improve, nonetheless, the predictions for inflation, which they had originally calculated at 1.7% for 2009 and 5.8% for 2010. Finally, IMF specialists are expecting a 0.9% inflation rate for 2009 and 5.4% for 2010. Last year, the Consumer Price Index (CPI) for Dominicans grew by 10.6%, reminds the report. On the current balance of spending, they expect a deficit of 6.1% of the GDP in both 2009 and 2010.

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