SANTO DOMINGO.- Economic prospects for 2025 point to growth of around 4.5% of the gross domestic product, according to experts from the Central Bank, who define this year as one of opportunities and challenges for the Dominican Republic.
This forecast represents 0.5 percentage points less than the growth recorded last year when GDP grew 5.0%, a period in which growth expectations were exceeded.
According to Elisa Vilorio de Painter and Julio Andújar Scheker, technicians of the organization, in an article published in Página Abierta of the Central Bank, this year the Dominican economy would be operating in an international context characterized by high volatility, geopolitical risks and uncertainty around the economic, trade and immigration policies of the new government of President Trump.
The authors state that despite the described international environment, the outlook remains positive due to the strengthening of key sectors, the strong dynamism of foreign investment, and the potential opportunities offered to the country by nearshoring, among other factors.
Among the strengths they cite is the tourism sector, which they believe will continue to be an important source of income and employment.
In terms of policy, they emphasize that the reduction in the benchmark interest rate should have a positive impact on the economy this year, while greater public investment in the fiscal sector is expected in an environment of deficit moderation.
“Thanks to many of these factors, the Dominican Republic has positioned itself as one of the most dynamic economies in the region, and its stability will continue to be a crucial factor in attracting investment and ensuring a prosperous future,” the experts emphasize.
They specify that the economic outlook for 2025 points to growth of around 4.5% with inflation remaining in the center of the policy target range of 4.0% ± 1.0%.
The current account deficit would be around 2.7% of GDP, fully covered by FDI, and the fiscal deficit would be around 3.0% of Gross Domestic Product.
The Central Bank of the Dominican Republic (BCRD) stated that it remains vigilant and prepared to react with its monetary policy instruments, if necessary, while reaffirming its commitment to maintaining stability.
Source: El Día.
