1945

Economic growth in the Dominican Republic was again satisfactory in 2002, but it took place in a context of serious macroeconomic instability that worsened in the first half of 2003, with rising inflation, currency depreciation, losses in international reserves and a banking crisis. The expansionary fiscal policy applied at the beginning of the year to compensate for the weakness of external demand had to be abandoned in later months because of macroeconomic imbalances.

Related Subject(s): Economic and Social Development
Countries: Dominican Republic
/content/books/9789211558777s003-c018
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