The US is going to slide into a recession ... ESPECIALLY NYC where most Dominicans reside. The economy is a stand still and will have a ripple effect on the remittance money sent from US.
Dominican economy's MAIN money maker is Tourism. This will be a big dent in MANY pockets ! Lost wages, Sales, Events, Weddings, Tax Revenue, Cruise Revenue, AirBnb Taxes.
Unlike NY or other developed cities , The government has no solid plan to provide an effective " Safety Net" for the hundreds of small business and stores that will close or fail.
Many dominicans I met live literally week by week and a 15 day lockdown will really be destabilizing the country massively.
Also, DR doesnt have an effective or well equipped health care system or infrastructure to deal with any infection clusters of any size....Oh man
As if that werent enough, COVID19 shows no signs of stopping just yet so we dont how long it will take. ......Call it an Open Ended crisis.
We are living history. This will be in all the textbooks. The world will now remember things as Pre or Post Corona
Dominican economy's MAIN money maker is Tourism. This will be a big dent in MANY pockets ! Lost wages, Sales, Events, Weddings, Tax Revenue, Cruise Revenue, AirBnb Taxes.
Unlike NY or other developed cities , The government has no solid plan to provide an effective " Safety Net" for the hundreds of small business and stores that will close or fail.
Many dominicans I met live literally week by week and a 15 day lockdown will really be destabilizing the country massively.
Also, DR doesnt have an effective or well equipped health care system or infrastructure to deal with any infection clusters of any size....Oh man
As if that werent enough, COVID19 shows no signs of stopping just yet so we dont how long it will take. ......Call it an Open Ended crisis.
We are living history. This will be in all the textbooks. The world will now remember things as Pre or Post Corona