External Account Improvements Ahead

BMI View: The external position of the Dominican Republic will improve in the coming years , as strong export growth drives a narrowing of the current account deficit. In addition, fiscal consolidation will lower the governme nt's reliance on external debt, reducing vulnerabilities to outside shocks.We maintain a positive long-term outlook for the Dominican Republic's external position. Rising tourist arrivals and a rapidly expanding mining sector will result in strong growth of...

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