NewsWhore
12-28-2009, 07:20 PM
Consumer activity is expected to surge in the first half of the year as foreign loans enter and the government injects resources during the municipal and congressional election campaign period, as reported in Diario Libre. Due to the agreement signed with the International Monetary Fund (IMF), lots of money will be circulating, with a broadening tax base, and there will be a great deal of public expenditures, which should produce a greater level of activity, according to economists and business leaders. Nevertheless, there exists the fear that after the application of an expansive policy during the first 6 months, beginning in the second semester, the government will be forced to apply the brakes to the economy in order to maintain macroeconomic stability.
According to the president of the National Organization of Commercial Enterprises (ONEC), Pedro Perez, the best thing for the economy would be for the government to look at 2010 as whole and not two parts. This way, as he sees it, they can guarantee stability and avoid postponing the resolution of the country's basic problems any longer. He said the country is affected by the oversized State sector, elevated levels of public and private corruption and deficits accumulated over decades in health and education.
Economist Henri Hebrard warns that care will have to be taken with the overall global economy, since the global recession has ended, but not so the economic crisis due to the high levels of unemployment in the United States and Europe. He says that until the crisis in those countries is over it will be difficult for the Dominican Republic, with an open economy, to return to the growth figures of former years, even though 2010 should be much better, especially during the first half.
Listin Diario reports that from 16 August 2008 to December, senators and deputies had approved US$1.6 billion in foreign loans.
More... (http://www.dr1.com/index.html#7)
According to the president of the National Organization of Commercial Enterprises (ONEC), Pedro Perez, the best thing for the economy would be for the government to look at 2010 as whole and not two parts. This way, as he sees it, they can guarantee stability and avoid postponing the resolution of the country's basic problems any longer. He said the country is affected by the oversized State sector, elevated levels of public and private corruption and deficits accumulated over decades in health and education.
Economist Henri Hebrard warns that care will have to be taken with the overall global economy, since the global recession has ended, but not so the economic crisis due to the high levels of unemployment in the United States and Europe. He says that until the crisis in those countries is over it will be difficult for the Dominican Republic, with an open economy, to return to the growth figures of former years, even though 2010 should be much better, especially during the first half.
Listin Diario reports that from 16 August 2008 to December, senators and deputies had approved US$1.6 billion in foreign loans.
More... (http://www.dr1.com/index.html#7)