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Dominican Republic growth to moderate.

Publication: Market Latin America
Publication Date: 01-JUL-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
The Dominican Republic (DR) likes to characterize itself as the fastest growing economy in the Latin American region. Unquestionably, the country-and its consumers-have done well in recent years.

According to International Monetary Fund (IMF) statistics the DR's GDP grew at 10.7 percent in 2006 following a growth rate of 9.3 percent in 2005. However, in 2004, GDP growth was only 2.0 percent and in 2003, the economy contracted sharply at minus 1.9 percent.

The DR's "fastest growing" claim may or may not be true. If anything, the claim illustrates the deceptive nature of international...

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