Dominican Republic
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2010-2011 , pp 251-256
- Publication Date: December 2011
- DOI: https://doi.org/10.18356/792985b6-en
- Language: English
Thanks to expansionary policies and an upswing in external demand, the Dominican economy grew by 7.8% during 2010 (as against 3.5% in 2009). Strong growth in domestic demand deepened the balance-of-payments current account deficit to 8.6% of GDP (versus 5% in 2009) and in October the central bank embarked on a series of hikes in its reference rate, taking it from the historical low of 4% to 6.75% in May 2011. The cuts introduced during the second half of 2010 helped reduce the central government fiscal deficit to 2.5% of GDP.
© United Nations
ISBN (PDF):
9789210550116
Book DOI:
https://doi.org/10.18356/a8cd6ba2-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Dominican Republic
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