Fiscal Balance in Dominican Republic

Dominican Republic Fiscal Balance | Economic News & Forecasts

Dominican Republic - Fiscal Balance

The economy appeared to lose momentum in the second quarter, in the context of a likely slowdown in the U.S. and greater international trade uncertainty. Economic activity growth in April and May averaged notably below Q1’s reading, while remittance growth slowed in April. However, strong private credit and a cash injection from the Central Bank should have propped up activity. This comes after growth dimmed in Q1 but stayed healthy compared to regional peers, buttressed by the construction sector. In other news, the IMF concluded a staff visit in mid-June. While praising the robust economic performance in recent years, the Fund urged the government to undertake further fiscal adjustment to put the public debt ratio on a firm downward path. In the tourism sector, the recent bad press over deaths of visitors could hamper arrivals in H2; early indicators suggest recent flight bookings from the U.S. for July and August have plummeted.

Dominican Republic - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-4.0  -3.7  -0.3  -2.9  -3.3  

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Dominican Republic Facts

Exchange Rate50.810.80 %Jul 11

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