The Central Bank predicts that the dominican economy could grow by 2021 to 6%, a figure superior to its potential rhythm, in a context of stability of prices and macroeconomic fundamentals.
Today, the financial entity will issue a document with the economic and financial perspectives of 2021, stating that this crime will be thanked for the coordinated action of monetary and fiscal policy and its continued support for internal demand, together with progressive recovery of economic activity in the productive sectors and the eventual implementation in the country of the evacuation program against the COVID-19.
The Central Bank announced that it will move forward with the dominant economy during the 2020 transition, the prospects for this new year 2021 show renewed optimism, support for its macroeconomic fundamentals and its ineffective capacity for resilience of the markets in the dominican economy that are also buying in the Exit collocations made by the Ministry of Global Health and Social Security and the most favorable positions for US $ 3,800 million in September of this year and US $ 2,500 million for this month.
Here are the explanations given by the Central Bank to justify the economic crime in 2021 the December operation of external passive maneuvers that reduced the debt service by more than US $ 1,100 million in the next four years. These collocations reflect the confidence of the foreign investment investors in the policies implemented by the new administration of President Luis Abinader and the resilience of the dominant economy, indicating the banking sector.
The 6% increase that would also be prevalent would be, in agreement with the Central Bank, under favorable external financial conditions, in addition to the adopted expansionary measures and the best forecasts in the international sector before the 19 new vacancies against “In this way, the Dominican Republic is taking over the Latin American country as rapidly recovering from the level of pre-pandemic prevalence as the International Monetary Fund (IMF),” it said.
Medidas tomadas in 2020
The 2020 provisions to maintain the economy will allow that in 2021, the country will be able to recover, while it is found that the financial entities have decommissioned more than RD $ 165,000 million, with an average of 68,000 employees and workers. of financial intermediation entities.
In addition, preliminary information from the Central Bank of India indicates that by 2020 the coefficient of morbidity of financial intermediation amounts will be down by 1.94%, while the indicator of Profitability on patrimony (ROE) is available at 15.3% and Return on assets (ROA) of 1.74%.
Asimismo resalta la puesta en marcha por el gobierno de Luis Abinader de algunos support programs for the productive sectors, stories such as tourism, agriculture, industry and exports, as well as the Initiative for Important Infrastructure Projects and other Strategic Projects to be implemented through the Public-Private Alliance, factors contributing to the recovery of economic activity in transport.
Pronostic of the World Bank
As far as Latin America is concerned, the creation region is 3.7%, influenced by the most favorable terms of exchange, by the normalization of its international trade and by a majority of tourism activity.
According to the World Bank, the Latin American countries that registered the mayor in the 2021 series Peru (7.6%), Panama (5.1%), Colombia (4.9%), Argentina (4.9%) y Dominican Republic (4.8%).