Bank of America Cuts Dominican Republic GDP Forecast to 3% Due to Weak Recovery

LootboxPhobia · 2026-03-24T12:05:31+00:00

Bank of America has lowered its GDP growth forecast for the Dominican Republic to 3% due to sluggish economic recovery. Despite a rebound in tourism, recovery in other sectors is lagging, and reform opportunities are diminishing. The government has room for support, but the central bank's policy adjustment space is limited.

LootboxPhobia

2026-03-24 12:05:31

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Investing.com - In a research report, Bank of America stated that due to the possibility of a slower economic recovery this year, it has lowered its GDP growth forecast for the Dominican Republic to 3%.

Bank of America pointed out that the recovery in the tourism sector is good news for economic growth. However, the recovery in other areas of the economy is progressing more slowly.

The bank said that opportunities for reform are diminishing. The Dominican Republic is highly exposed to oil shocks.

Bank of America noted that the government has room to support economic development. However, the central bank has limited space to ease policies.

The bank did not specify when this forecast revision was made, nor did it provide previous growth expectations for comparison.

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