It projects that the global economy will grow 5.9% in 2021 and 4.9% in 2022
Taken from Diario Libre
SANTO DOMINGO.- The International Monetary Fund (IMF) projects that the Dominican economy will grow 9.5% in 2021, a percentage slightly higher than the 9.1% recently estimated by the World Bank.
The positive projection is contrary to the -6.7% drop recorded by the local economy in 2020, as a result of the economic closures imposed by the COVID-19 pandemic.
With percentages higher than the Dominican Republic, the IMF only places Guyana (20.4%), Aruba (12.8%), Panama (12%), Chile (11%), and Peru (10%) in the region. These figures are compiled in the World Economic Outlook report, released yesterday.
Latin America: region with the highest inflation
The IMF also estimates that Latin America will have an inflation rate of 9.3% in 2021, meaning it will be the region with the highest price increase in the world.
The IMF's chief economist, Gita Gopinath, said at a press conference that the organization has detected widespread inflation in Latin America because it has been affected by rising energy and commodity prices, and the different paces of domestic demand.
In its report, the IMF indicates that headline inflation is projected to peak in the last months of 2021 before returning to pre-pandemic levels by mid-2022 in most economies.
