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Thread: Recession of 2008 and impact on the DR

  1. #4731
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    Quote Originally Posted by PICHARDO View Post
    Ah! Now we have education to debate in a thread on the Doom and Gloom of the DR economy!!!!

    Surrender more than noted!

    As far as unemployment? Actually it has come down for 2016!

    The apples are plump and sweet

    Counter:

    The goats are not eating well...

    You know what I mean!???

    I know! I know!
    You just can't squeeze the words out without the hurt!

    Close to a decade and proven statements by historical facts on my part on the DR economy...
    That's why I love these everlasting threads, where it exposes the B.S. of self appointed experts on the matter.

    So one last time:

    How's the DR economy?

    The power house of CA and whole Caribbean!

    Strong baby!

    Yet to tap its true potential!

    We are now establishing trade agreements with Canada, Australia, Russia, China and other markets like India that will become receptive markets to our fine products.
     Keep in mind that the DR is one of the leading countries in the world for organic products.

    Nissan is already evaluating the DR-CAFTA in regards to the new US-México impasse on NAFTA.
    The car parts industry is a major component of their biz plans.

    The little sleeping Lion in the Caribbean nobody before paid much attention to, is now front row in the global interests.

    One more decade on this thread will also clear all doubts on where the DR economy is headed!
    PICHARDO...i have one sentence for you...

    economics is the study of the allocation of scarce resources.

    once you understand that, you will also understand why macroeconomic figures, in and of themselves, mean nothing. one of the basic reasons is that there are generally no subtractive categories when compiling macro data. if a mining compant takes a million dollars worth of ore from the earth, it shows as a positive in GDP. if the process causes millions of dollars of environmental degradation, and human suffering, there is no formula by which that amount is subtracted. so, cheerleading for numbers is a fool's errand.

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  3. #4732
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    Quote Originally Posted by PICHARDO View Post
    Surrender more than noted!

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  5. #4733
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    IMG_0301.jpg

    The Dominican Republic’s local bonds have provided a haven from the rout in Latin American government notes. The securities have returned about 9 percent in the past year when measured in dollars, compared with losses of more than 30 percent for bonds from Brazil and Colombia. The stability of the Dominican peso -- it lost just 1.7 percent in that span as an index for regional currencies tumbled 24 percent -- has protected overseas investors.

    https://www.bloomberg.com/news/artic...ic-bonds-chart
    That was 2015!
    One Dominican at a time please!


  6. #4734
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    Guess what happened in 2016!!????
    One Dominican at a time please!


  7. #4735
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    español
    IMF Staff Completes 2016 Article IV Mission to The Dominican Republic
    February 13, 2017




    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision.
    The Dominican economy is in a cyclically strong position, with activity expanding at an average pace of 7 percent over the past three years.




    The fiscal position needs to be decisively strengthened to maintain sustainability in the face of increasing risks.




    Ambitious structural reforms remain critical to securing better longer-term growth and social outcomes in a fragile external environment.




    An International Monetary Fund (IMF) mission led by Aliona Cebotari visited Santo Domingo during January 31–February 10, 2017, to conduct Article IV Consultation discussions. The mission met with government and Central Bank officials, think tanks, and the private sector. It exchanged views on economic developments and outlook, as well as policy challenges going forward. At the end of the visit, Ms. Cebotari issued the following statement:




    ‘The Dominican economy is in a cyclically strong position. With activity expanding at an average pace of 7 percent over the past three years, the economy is operating above potential, while positive supply shocks are muting inflationary pressures and strengthening the external position. Sustained strong growth and prudent policies of the past several years helped improve social indicators and build up confidence.




    “Growth is projected to remain healthy while tapering off towards potential and inflation is expected to pick up towards target. Domestic demand will continue to drive growth, buoyed by recovering real incomes, growth in the U.S., and strong investment. Growth is expected to slow towards the potential rate of around 5 percent from 2017 onward, as both external and domestic financing conditions tighten. The recovery in fuel prices will push inflation to target and will widen the current account moderately during 2017.




    “Risks around this baseline outlook are balanced. Key risks stem from the uncertainty surrounding the economic and policy outlook for the external trading partners, notably the U.S., the outlook for oil prices, higher than expected global interest rates and the ensuing dollar appreciation.




    “The fiscal position needs to be decisively strengthened to maintain sustainability in the face of increasing risks. The government has improved the fiscal position in the face of increasing spending pressures, through overall expenditure restraint and a strong revenue administration effort. Nevertheless, large projected deficits for the consolidated public sector (including financial and non-financial public sector) would generate both sustainability and debt affordability pressures, especially in light of the tightening global financing conditions. A strong fiscal adjustment would be needed to secure debt sustainability, with a larger consolidation effort in the near term warranted by the still favorable economic conditions. The consolidation should be underpinned by a comprehensive reform to broaden the very narrow tax base, simplify the tax system and make it more equitable. This should go along with reforms to address the fiscal drag of the electricity sector and increase spending efficiency.




    “Adopting a robust medium-term fiscal framework would ensure that annual fiscal policies are consistent with sustainability objectives. The medium-term fiscal framework should be anchored on a medium-term debt-to-GDP ratio and operationalized through a fiscal rule to deliver the debt target. Integrating fiscal responsibility objectives in the framework could further cement fiscal discipline.




    “The tightening bias of monetary policy is appropriate, and progress towards a more flexible exchange rate framework should continue. Given upside risks to the inflation outlook stemming from global financial conditions, monetary policy is appropriately leaning towards tightening. We welcome the authorities’ commitment to continue to build up reserve buffers in the face of increased uncertainty, with foreign exchange interventions limited to smoothing excessive volatility. Staff strongly supported the authorities’ plans to move towards a progressively more flexible exchange rate, through building up market infrastructure and instruments to facilitate such a transition.




    “Ongoing reforms to strengthen the macro-financial framework will help entrench financial stability. Financial soundness indicators for the banking system remain strong, and the authorities are appropriately focusing on addressing gaps in the regulation and supervision of nonbanks. Completing reforms that will address the gaps identified in the context of the recent Global Forum evaluation on tax transparency and those that could arise in the context of the upcoming Financial Action Task Force of Latin America evaluation on anti- anti-money laundering and combating the financing of terrorism will be important in preserving the integrity of the financial system. Staff supported the monetary authorities’ efforts to strengthen the macro-prudential framework through bolstering capacity to monitor and address systemic risks, further developing stress testing capacity and preparing financial stability reports.




    “Ambitious structural reforms remain critical to securing better longer-term growth and social outcomes in a fragile external environment. The government’s reform agenda appropriately focuses on improving educational outcomes, boosting housing supply and strengthening social safety nets. At the same time, the dividend from the higher growth has accrued unevenly and significant bottlenecks to higher productivity and longer-term growth remain:




    Ongoing discussions on the electricity pact provide a unique opportunity to address the governance challenges, infrastructure gaps and pricing policies in the electricity sector, one of the major drags on growth.




    Other reforms that would preserve incentives for investment and improve the business environment include strengthened institutions and governance, increased predictability of the tax system, and continued public investment in infrastructure.




    Policies to boost employment—through improved labor markets, graduation from safety nets into labor force, and skill development and retooling through vocational training— would directly support government’s poverty-reduction objectives.




    Social protection could also be strengthened through expanded coverage of social insurance, addressing challenges in the public healthcare system, and policies to encourage formalization.
    One Dominican at a time please!


  8. #4736
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    And yet the main road from Cabarete, through Sosua , to Puerto Plata and Navarette on the way to Santiago gets worse with every passing day.

  9. #4737
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    Quote Originally Posted by windeguy View Post
    And yet the main road from Cabarete, through Sosua , to Puerto Plata and Navarette on the way to Santiago gets worse with every passing day.


    I could say that about 1/3 of the roads in NYC or other big cities in the 'murika.
    What exactly does a road has to do with the subject at hand???

    Did you forget that roads are actually municipalities prime responsibility?
    When the gov decided to intervene a given road in the country, it's done under a provincial to state level?
    Once that happens, budgets to municipalities get a % cut off for the FY.

    It's not as easy or simple as it looks to you. 

    Again, we are here in regards to the economy of the DR and yet your best counter is the status of a mere road in the country?

    Btw: The DR overall has some of the best roads infrastructure when compared to a good chunk of LA, some with bigger economies and development than the DR!

    Can you please come back with something related to the economy itself???


    Check the news for the Oroville thingie...
    Last edited by PICHARDO; 02-13-2017 at 11:50 PM.
    One Dominican at a time please!


  10. #4738
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    And just so you know: The DR gov is tracing a new road to replace this one, with a complete extension from circ. Norte in Santiago to Puerto Plata.

    But since the Brazilian company is under fire, we will have to seek funding elsewhere for this large project. 

    Now back to the STRONG DR economy!
    One Dominican at a time please!


  11. #4739
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    @Pichardo
    I may disagree with you on one or two things, but such is life in the big world. Aside from that, you seem to be well spoken and do come to the table with facts and links to support the basis of your points. Again, this is appreciated. It is with this in mind, that I earnestly ask you, what do you feel are the five biggest objectives that the DR needs to undertake or pursue as of right now?

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  13. #4740
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    Quote Originally Posted by PICHARDO View Post
    And just so you know: The DR gov is tracing a new road to replace this one, with a complete extension from circ. Norte in Santiago to Puerto Plata.

    But since the Brazilian company is under fire, we will have to seek funding elsewhere for this large project. 

    Now back to the STRONG DR economy!
    actually, the withdrawal of Oderbrecht from the Dominican economic scene will reveal volumes. it is easy to get financing from an outfit which has quid pro quo as a business model. let us see how easy it will be to get financing from a neutral operation. then again, it should not be difficult to finance the road, because the macroeconomic numbers for the last decade have been stellar.

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