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LatinNews Daily - 12 June 2019

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In brief: Dominican Republic

* Following the conclusion of an Article IV consultation with the Dominican Republic (DR), the International Monetary Fund (IMF) has released a statement which says that it expects favourable economic prospects for DR. The IMF notes that the “economy rebounded to a record high growth of 7% in 2018, with the positive momentum carrying into early 2019”. It attributes this rebound to “a strong private investment and consumption response to a timely monetary impulse after the slowdown in 2017, favourable external conditions and a continued strengthening of labour markets”. The IMF expects growth to moderate around 5.5% in 2019, driven by a slowdown in credit expansion, a less supportive external environment and expected higher oil prices.