Will Inflation Spoil the Dominican Republic’s Success?
President Luis Abinader has high approval amid high growth—but changing economic conditions are a threat.
“The best is yet to come”: These six words are frequently heard from Dominican Republic President Luis Abinader, who is enjoying one of the highest approval ratings in the region at 70%. But as Abinader's term nears the halfway mark, this rosy outlook will be put to the test as the Dominican Republic suffers from region-leading inflation amid global price hikes. Time will tell if Abinader can usher in the new era of growth and prosperity he is promising. The Dominican Republic has already experienced robust growth over the last 25 years, seeing its economy expand by an average of 6.1%...
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