Just want it to hear comments on the DR economy. Is the DR economy back on track? A while back we held a discussion on this forum on what would be the exchange rate. I predicted 30-35. So far it looks stable at 30 or so. Is this an acceptable range for the DR? What do we think on this forum?
On reading the news I see the current administration starting numerous projects, for instance the metro. Although these projects serve for the improvement of the DR infrastructure, is this the moment to push forward these megaprojects or will this help to further deterirate economy when next administration takes over?
The short term impact of these projects would be good in a way. More jobs, consumer confidence on the rise, more money for consumers to spend, more money for politicians to steal (not a good thing). Mid term effects, improved infrastructure ( we have to wait and see if these projects were worthwhile). Long term effects, to what extent is the DR indebted, will these serve as a catalyst for next economic downturn and the severity of it. From the figures in the news this projects are quite costly.
In conclusion, what is the economic outlook for the DR from an expat's point of view as a place to live and from an investor's point of view as an investments jurisdiction preference?
On reading the news I see the current administration starting numerous projects, for instance the metro. Although these projects serve for the improvement of the DR infrastructure, is this the moment to push forward these megaprojects or will this help to further deterirate economy when next administration takes over?
The short term impact of these projects would be good in a way. More jobs, consumer confidence on the rise, more money for consumers to spend, more money for politicians to steal (not a good thing). Mid term effects, improved infrastructure ( we have to wait and see if these projects were worthwhile). Long term effects, to what extent is the DR indebted, will these serve as a catalyst for next economic downturn and the severity of it. From the figures in the news this projects are quite costly.
In conclusion, what is the economic outlook for the DR from an expat's point of view as a place to live and from an investor's point of view as an investments jurisdiction preference?