The United Nations Economic Commission for Latin America and the Caribbean (ECLAC or CEPAL in Spanish), published the economic growth expectations for Latin America in 2022.
The Dominican Republic continues its accelerated economic growth. According to the ECLAC, the Dominican Republic’s economy is expected to grow 5.5% in 2022, the second highest for Latin America. This is a sign of the well management of the Dominican economy by the Central Bank of the Dominican Republic and its Governor Héctor Valdez Albizu.
The only Latin American country’s economy expected to grow more than the Dominican Republic is Panama at 8.2%. The other three economies among the top 5 are: El Salvador 4.6%, Peru 4.4%, and Cuba 4.1%.
The 5 Latin American countries with the lowest expected economic growths are Venezuela 1.0%, Nicaragua 1.8%, Brazil 2.2, Ecuador 2.6%, and Argentina 2.7%.
It’s interesting to see that the big and medium size Latin American countries, with the exception of Peru, are expected to have an economic growth under 4% with Colombia ranking the best at 3.8% (8th in Latin America as a whole) and Brazil ranking the worst and the third worst for Latin America at 2.2%.