Conep and economist urge prudence

[NewsWhore]

Both the National Council for Private Business (CONEP) and Inter-American Development Bank economist Santiago Levy Algazi have urged prudence in the face of the recent spike in oil prices. Conep called on industry and the general population to realize that the era of cheap energy is past. Conep mentioned the energy subsidy paid by the government, the deterioration in commercial activity since DR-CAFTA came into effect, and the negotiations currently under way with the European Union and other countries as warning signs of things to come. In an exclusive interview with Listin Diario reporters, Levy Algazi, the head of the Research Department at the IDB, called for a sensible macro-economic policy in order to face up to the challenges presented by the latest wave of oil price increases.

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