NewsWhore
10-18-2007, 02:40 PM
An IMF report says that the DR will grow by 8% this year, two percentage points more than was estimated in April this year, according to a EFE press agency release published in Diario Libre. The IMF foresees a 4.5% growth for 2008, due to climbing petroleum prices. The DR has experienced consistent economic growth in recent years. Growth was 10.7% in 2006.
The IMF released the findings as part of its World Economic Outlook (WEO) released on 17 October. The report found that world growth in general would slow in 2008, but is still expected to remain solid at 4.75%. It points out that the US economy is expected to remain weak next year, with growth of just 1.9%. The average growth for Latin America in 2006 was 5.5%, expected to slow to 5% in 2007 and 4.3% in 2008 "to reflect in part spillovers from the slowdown of activity in the US on Mexico and Central America, mainly through trade linkages as well as somewhat slower growth of remittances from migrant workers, and the end of a hotel construction boom in the Caribbean."
www.imf.org/external/pubs/ft/weo/2007/02/index.htm (http://www.imf.org/external/pubs/ft/weo/2007/02/index.htm)
More... (http://www.dr1.com/index.html#3)
The IMF released the findings as part of its World Economic Outlook (WEO) released on 17 October. The report found that world growth in general would slow in 2008, but is still expected to remain solid at 4.75%. It points out that the US economy is expected to remain weak next year, with growth of just 1.9%. The average growth for Latin America in 2006 was 5.5%, expected to slow to 5% in 2007 and 4.3% in 2008 "to reflect in part spillovers from the slowdown of activity in the US on Mexico and Central America, mainly through trade linkages as well as somewhat slower growth of remittances from migrant workers, and the end of a hotel construction boom in the Caribbean."
www.imf.org/external/pubs/ft/weo/2007/02/index.htm (http://www.imf.org/external/pubs/ft/weo/2007/02/index.htm)
More... (http://www.dr1.com/index.html#3)