Spotting the first family has become its own sport over recent months, with much of the reporting used for weekend news filler. But Eric Trump’s excursion to the Dominican Republic may be worth singling out because the buzz spotlights the region’s third-largest economy. The Dominican Republic ranks in size behind Puerto Rico and Cuba. Prudent economic management delivered an impressive 6.6% growth rate last year. Those gains were the best in the region due to outsized momentum in both agriculture and construction. Economic activity will likely moderate to around 5% in 2017. Ongoing strength explains why the Trump Organization appears to be revisiting its licensing deal at Cap Cana, a larger-than-Manhattan resort area. Like many real-estate projects in the region, the master-planned development was waylaid by the credit crisis. ■
Our Vantage Point: The Dominican Republic has a well-diversified economy that has been supported by a strong banking sector. Vibrant growth rates are bolstering property values, leading to greater foreign interest in the nation.
Learn more at The Associated Press
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Image: The Chavon River offers a non-traditional Dominican vista. Credit: Demerzel21 at Can Stock Photo Inc.
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