NewsWhore
12-17-2009, 01:00 PM
Three local business organizations said that adverse international economic and financial conditions provide less cause for concern than the Fernandez administration's excessive spending and borrowing.
The president of the National Wholesalers Organization (ONEC), Pedro Perez Gonzalez, the president of the Federation of Industrial Associations (FAI), Ignacio Mendez, and the president of the Association of Herrera Industries, Manuel Cabrera told El Caribe that loans needed to be channeled to the productive sectors.
El Caribe reports that a confidential report the International Monetary Fund prepared in October forecast that the Dominican economy would touch bottom at the year's end, after which a below potential growth period is expected through 2014.
Perez Gonzalez said that ONEC is concerned at what could happen after the May congressional and municipal election. He said that the country has an oversized state sector and a growing government payroll over the past years.
Ignacio Mendez said that the Dominican economy depends on how the US economy and that of Europe are faring, as these are the two leading markets for the DR.
More... (http://www.dr1.com/index.html#7)
The president of the National Wholesalers Organization (ONEC), Pedro Perez Gonzalez, the president of the Federation of Industrial Associations (FAI), Ignacio Mendez, and the president of the Association of Herrera Industries, Manuel Cabrera told El Caribe that loans needed to be channeled to the productive sectors.
El Caribe reports that a confidential report the International Monetary Fund prepared in October forecast that the Dominican economy would touch bottom at the year's end, after which a below potential growth period is expected through 2014.
Perez Gonzalez said that ONEC is concerned at what could happen after the May congressional and municipal election. He said that the country has an oversized state sector and a growing government payroll over the past years.
Ignacio Mendez said that the Dominican economy depends on how the US economy and that of Europe are faring, as these are the two leading markets for the DR.
More... (http://www.dr1.com/index.html#7)