IMF forecasts 5.5% growth in GDP

[NewsWhore]

The Dominican Republic will post positive growth rates of 5.5% of GDP in 2011 and 2012 as it continues to reduce inflationary pressures, according to the International Monetary Fund (IMF). El Caribe says that the IMF foresees solid growth in the Dominican economy throughout 2011. The international financial agency also highlighted the fact that the country seemed to control high prices with lower inflation rates. In 2010 inflation closed at 6.2% and in their "Global Economic Prospects", the IMF is calling for an inflation rate of 6% in 2011 and 5% in 2012. While stressing the "strong performance" of the Dominican economy, the IMF did take note of the high level of public indebtedness that could lead to tensions due to the rising cost of imported petrol and food products.

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