The Dominican Republic, the Caribbean’s largest economy, is on track to see strong growth for a second straight year as foreign investment and surging tourism fuel its post-pandemic recovery, according to the central bank.
The economy is likely to grow between 5.5% and 6% this year, also bolstered by emergency stimulus provided during the worst of the pandemic, said Hector Valdez, who has served as the bank’s governor for 25 years.
