The Dominican Republic is expected to post economic growth of around 3% in 2013 (compared with 3.9% in 2012), driven by agriculture, mining and quarries, construction and financial services. On the demand side, less government consumption during the first half of the year contributed to the economic slowdown.
Inflation may close the year at 5%, up from 3.9% in 2012 but still within the target range set by the monetary authorities. On the strength of fiscal consolidation efforts, the consolidated public sector deficit is expected to come in at around 4.3% at end-2013, down from 7.8% in 2012. (Preliminary Overview of the Economies of Latin America and the Caribbean 2013)