​The Government releases its macroeconomic projections for 2020-2024

DOMINICAN REPUBLIC - In Brief 11 Sep 2020 by Magdalena Lizardo
The Ministry of Economy, Planning and Development released on Wednesday afternoon the update of the Macroeconomic Framework for the period 2020-2024. The projections contained in this update are those used in the formulation of the Public Budget for 2021. For 2020, the Government is projecting a contraction of -4.0% of real GDP, an average inflation rate of 3.5% and an average exchange rate of DOP57.05 per USD, which implies an expected devaluation of 11.15%, compared to 2019 . For 2021, the Government is being optimistic about the resumption of real GDP growth, projecting a growth rate of 5%. Devaluation pressures continue in 2021 as an average exchange rate of DOP62.3 per USD is projected, which implies a devaluation of 9.2% compared to 2020. DR_MACROECONOMIC_OVERVIEW_2020-2024.pdf

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