NewsWhore
12-11-2009, 01:20 PM
The Economic Commission for Latin America and the Caribbean (ECLAC) forecasts that the Dominican Republic's economy will grow by 3.5% in 2010. This compares to the 3% the Central Bank has forecast for the year's end. The 3.5% is higher than the average 1.8% economic growth projected for the Caribbean.
ECLAC says that economic recovery from the international crisis in Latin America and the Caribbean will be quicker than was expected a few months ago, with growth in the region projected at 4.1% next year, according to the latest ECLAC estimates released on 10 December. The most notable recovery will take place in South and Central America (with the exception of Mexico), which next year will have growth rates of 4.7% and 3.0% respectively.
According to ECLAC, Brazil will top the list of countries with higher growth in 2010, with expansion estimated at 5.5%, followed by Peru and Uruguay (5%), Bolivia, Chile and Panama (4.5%) and Argentina and Suriname (4%). Mexico, Costa Rica and the Dominican Republic will grow 3.5%.
In its annual report Preliminary Overview of the Economies of Latin America and the Caribbean 2009, the United Nations regional commission projects positive growth rates for most countries, while pointing out that there are still doubts about whether this recovery will be sustainable over time, given that the external scenario remains uncertain, which may affect growth expectations in the region.
ECLAC says that overcoming the external turbulence has been swifter in the region thanks to a set of counter-cyclical policies that were implemented. These policies included reducing interest rates, increasing State-owned bank loans, expanding public expenditure and implementing a broad array of social programs, such as consumer subsidies and support for low-income households.
For the full report, see: www.eclac.org/cgi-bin/getProd.asp?... (http://www.eclac.org/cgi-bin/getProd.asp?xml=/prensa/noticias/comunicados/6/38096/P38096.xml&xsl=/prensa/tpl-i/p6f.xsl&base=/tpl-i/top-bottom.xsl)
More... (http://www.dr1.com/index.html#5)
ECLAC says that economic recovery from the international crisis in Latin America and the Caribbean will be quicker than was expected a few months ago, with growth in the region projected at 4.1% next year, according to the latest ECLAC estimates released on 10 December. The most notable recovery will take place in South and Central America (with the exception of Mexico), which next year will have growth rates of 4.7% and 3.0% respectively.
According to ECLAC, Brazil will top the list of countries with higher growth in 2010, with expansion estimated at 5.5%, followed by Peru and Uruguay (5%), Bolivia, Chile and Panama (4.5%) and Argentina and Suriname (4%). Mexico, Costa Rica and the Dominican Republic will grow 3.5%.
In its annual report Preliminary Overview of the Economies of Latin America and the Caribbean 2009, the United Nations regional commission projects positive growth rates for most countries, while pointing out that there are still doubts about whether this recovery will be sustainable over time, given that the external scenario remains uncertain, which may affect growth expectations in the region.
ECLAC says that overcoming the external turbulence has been swifter in the region thanks to a set of counter-cyclical policies that were implemented. These policies included reducing interest rates, increasing State-owned bank loans, expanding public expenditure and implementing a broad array of social programs, such as consumer subsidies and support for low-income households.
For the full report, see: www.eclac.org/cgi-bin/getProd.asp?... (http://www.eclac.org/cgi-bin/getProd.asp?xml=/prensa/noticias/comunicados/6/38096/P38096.xml&xsl=/prensa/tpl-i/p6f.xsl&base=/tpl-i/top-bottom.xsl)
More... (http://www.dr1.com/index.html#5)