Economic Performance Stellar, while Corruption Weakens Fernández

DOMINICAN REPUBLIC - Forecast 18 Nov 2014 by Pavel Isa and Fabricio Gomez
Executive Summary Economic performance couldn’t be better. GDP growth in 2014 through Q3 was outstanding, climbing to 7%, from 3.7% last year. The numbers were positive across sectors. Inflation was estimated at 2.83%, nearly half the level of the same period of 2013; we expect it to end 2014 beneath the lower boundary of the target range (of 4.5% ±1.0%). The current account deficit was down $222 million from the same period in 2013, and international reserves improved moderately. The main financial system indicators show adequate levels of liquidity and solvency, with high rates of return ...

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