Economist sees three major issues

[NewsWhore]

Economist Pavel Isa Contreras sees three major issues facing the Dominican Republic: the shock from Tropical Storm Noel, petroleum prices, and foodstuffs. The economist spoke to Hoy reporter Soila Paniagua, and told her that these three challenges had to be dealt with promptly or else the country would face economic instability. In his opinion, neither the rising price of oil nor the current economic woes in the United States have affected the GDP growth rate in the DR, nor have they generated much inflation. While optimistic, Isa Contreras said that the current situation could translate into slower growth and affect weaker economic sectors. Isa Contreras said that the country has not looked at alternative energy sources with sufficient political will. He recommended that at least 10% of the DR's needs should be met with alternative energy sources. The economist also pointed out that for the last 20 years the agricultural sector has languished far behind other sectors, and this lack of proactive policies might well threaten the guarantee of local food sources in the future. He said that the poorest are at risk if local agriculture cannot provide for their needs.

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