Dominican Republic set to lead Latin America’s economic recovery with 4.5% growth. The c is projected to lead Latin America with 4.5% GDP growth in 2026, according to the World Bank’s Global Economic Prospects report. The country outpaces regional peers due to strong domestic demand, a booming service sector, and disciplined macroeconomic policies. Key drivers include record-breaking tourism, robust foreign direct investment in energy and infrastructure, and steady remittances from the US. Despite risks from US economic shifts and climate-related shocks, the outlook remains strong.
The World Bank praises the Dominican Republic’s inflation control and investment appeal, positioning it as the region’s top performer and “growth engine” amid otherwise modest economic expansion across Latin America and the Caribbean.
Source: Caribbean Insight