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We forecast that the Dominican Republic will see real GDP growth of 3.2% in 2025 and 3.6% in 2026. In H2 2025, we expect broad resilience in private consumption, given persistent tailwinds for household incomes, but fixed investment will likely experience further weakness. In 2026, we expect a small uptick in growth to 3.6% as stronger US demand will support export growth, but the upside will be limited.