Dominican economy will spearhead Caribbean slowdown, Forbes says
Santo Domingo.- A “significant” decline in GDP growth in Dominican Republic is poised to spearhead an expected Caribbean-wide regional economic slowdown, said Forbes, quoting the Standard & Poor’s Ratings Services.
“While growth in the smaller economies should remain broadly resilient to the risk of economic and financial turbulence,” Forbes reports that S&P also noted that future economic and financial direction in Caribbean nations will depend upon their ability to maintain a high level of investment.
Forbes reports that S&Ps’ forecast stresses sustainability of both domestic and foreign investment is specially important because exports, the other main driving force for GDP growth, “are becoming more vulnerable to the negative external environment.”
It adds that S&P, despite acknowledging many similarities, the rated Caribbean nations have important and unique characteristics that position them differently when addressing the rising risk from the deteriorating global environment. “The economic situation looks reasonably safe for the Caribbean region.”
Source: DominicanToday.com