Dominican Republic: 2017 Article IV Consultation — Press Release; Staff Report; and Statement by the Executive Director for the Dominican Republic
IMF Staff Country Reports, August 16, 2017
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- Dominican Republic: 2017 Article IV Consultation — Press Release; Staff Report; and Statement by the Executive Director for the Dominican Republic
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Bibliographic details
- Published: August 16, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484315651.002
Overview
- The 2017 Article IV Consultation highlights the Dominican economy’s strong growth momentum over the past three years, which is now beginning to taper off toward potential.
- Growth has averaged 7 percent since 2014, outperforming most emerging market economies and all economies in the Americas, buoyed by domestic demand.
Recent performance
- Real GDP expanded by 6.6 percent in 2016.
- The recent rise in fuel prices is noted as a factor affecting inflation and the external position.
Outlook and risks
- Growth is expected to slow toward the potential rate of about 5 percent from 2017 onward.
- The recent rise in fuel prices will:
- push inflation to target, and
- widen the current account deficit moderately from 2017 onward.
- Risks around this baseline outlook are balanced.
Key statistics and descriptors from the report
- Growth averaged: 7 percent (since 2014).
- Real GDP growth in 2016: 6.6 percent.
- Expected potential growth rate from 2017 onward: about 5 percent.
- Subject areas listed: Economic and financial statistics, Economic sectors, Electricity, External sector statistics, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt, Public sector.
- Keywords referenced include: Caribbean, CBDR authority, Central America, central bank, consumer price inflation, core inflation, CR, deficit, Dominican Republic policy, External sector statistics, Fiscal stance, generation capacity, Global, headline inflation, Inflation, ISCR, potential GDP, Public sector, targeted deficit.
Source: Dominican Republic: 2017 Article IV Consultation — Press Release; Staff Report; and Statement by the Executive Director for the Dominican Republic (IMF Staff Country Report No. 2017/254).
Content in this bundle
- Country Report