NewsWhore
02-02-2012, 03:10 PM
Manuel Cabral, the new president of the National Association of Young Entrepreneurs (ANJE), is advising the government to be cautious in its public spending and investments because this is an election year and external factors are not the best at this time. The young businessman said that historically speaking, during election years there is an increase in public expenditures during the first half and then a contraction during the second half. He said that this could have negative effects on the local economy. He ended with a warning that the country is not living in 2008 when the world economy was growing at a sustained rate and the Dominican Republic's major trading partners, the United States and Europe were showing solid growth: "Today this is not the case." Cabral lauded the recent passage of the National Development Strategy (END) and its three-pronged approach of Education, Supervision and Control, and Electricity. He said that each of these is needed in order for the country to be competitive.
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