Link: As elections push fizzles, sales of construction materials plummet 50%
Imagine how bad it would be if it weren't for money laundering.
Anyone in touch with the economy knows there is a LOT less $$$ on the streets than in recent memory, maybe since the post Banniter near-meltdown.
Just as an anecdote, I used to dread going to Ochoa on a Saturday because the place was a madhouse. No more. I see literally half the people, and half the check-out aisles are open. Same with the local ferreteria's. I also have workers stopping by the gate often looking for work.
Not signs of health, much less growth.
But that said, the gubmint has done a fine job of road construction and renovation in the last 3 years.
Santo Domingo.- Sales of construction materials have taken a dive for more than one year, falling as much as 50%, as new investments slump and projects grind to a halt, cements makers and hardware stores say.
Two business leaders of the construction sector confirm shrinking sales, and in the case of hardware stores, some have even shut their doors.
Hardware Stores Association (Asodefe) president Domingo Diaz and Dominican Cement Makers Association (Adocem) director Julissa Baez agree that construction and sales have taken a nosedive and that the electoral campaign hasn?t jumped started the economy as expected.
Recently the Realtors Companies Association (AEI) admitted to newspaper Hoy that real estate sales have decelerated, except for properties sold below market prices.
Imagine how bad it would be if it weren't for money laundering.
Anyone in touch with the economy knows there is a LOT less $$$ on the streets than in recent memory, maybe since the post Banniter near-meltdown.
Just as an anecdote, I used to dread going to Ochoa on a Saturday because the place was a madhouse. No more. I see literally half the people, and half the check-out aisles are open. Same with the local ferreteria's. I also have workers stopping by the gate often looking for work.
Not signs of health, much less growth.
But that said, the gubmint has done a fine job of road construction and renovation in the last 3 years.