NewsWhore
12-08-2010, 04:20 PM
Despite the fact that this has been a very difficult and complicated year, with a lot of talk about the foreign debt and living in the post-crisis period, the growth in the Gross Domestic Product (GDP) will close the year in the worst of cases, at around 7%.
Central Bank governor Hector Valdez Albizu said that in October the GDP closed, according to the Monthly Index of Economic Activity, with a growth rate of 7.5%, which means that for December the GDP will close at between 7% and 7.4%. "This is to say that we are closing a good year, and the most important sign has been that we achieved in a very short period what we economists call the potential capacity of the economy in terms of recovery", he said. He said that between January and September, the GDP grew by 7.6% in real terms, exceeding expectations and projections by the International Monetary Fund (IMF), which have been revised three times this year. Valdez Albizu told Diario Libre reporters that economic growth has been achieved with a strong push from the credit in the private sector, which he said is growing 18% above what the authorities had estimated.
More... (http://www.dr1.com/index.html#5)
Central Bank governor Hector Valdez Albizu said that in October the GDP closed, according to the Monthly Index of Economic Activity, with a growth rate of 7.5%, which means that for December the GDP will close at between 7% and 7.4%. "This is to say that we are closing a good year, and the most important sign has been that we achieved in a very short period what we economists call the potential capacity of the economy in terms of recovery", he said. He said that between January and September, the GDP grew by 7.6% in real terms, exceeding expectations and projections by the International Monetary Fund (IMF), which have been revised three times this year. Valdez Albizu told Diario Libre reporters that economic growth has been achieved with a strong push from the credit in the private sector, which he said is growing 18% above what the authorities had estimated.
More... (http://www.dr1.com/index.html#5)