Remittances, tourism and foreign investment boost Dominican economy

Dolores

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An overview published on the Central Bank web page is bullish on the economic outlook for 2024.

Despite the international constraints, the Dominican economy is on the way to return to its usual 5% annual growth, with inflation expected to be within the target range of 4.0% ± 1.0%. Interest rates are expected to continue dropping if the risk factors do not intensify.

The outlook forecasts the exchange rate will remain relatively stable. The DR continues to benefit from above-average remittance flows that reached US$10.16 billion, tourism income that hovered around US$9.82 billion and foreign direct investment around US$4.38 billion in 2023.

Read more in Spanish:Central Bank

8 February 2024

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El Hijo de Manolo

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There have been improvements. Here in Jarabacoa we have a new diagnostic and rehabilitation center, with orthopedic doctors...etc. Physiotherapists...etc.
Bob, Aarhus really doesn't have a good awareness of the advances and progress here. There are significant improvements in healthcare. From equipment to renovations for public facilities. Many facilities that were understaffed now have more docs and nurses, aids and cleaning staff. Not just Jarabacoa. For example, in Cabrera they are completely renovating the public hospital and have new analytic devices and staff on the way to support it.
 
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El Hijo de Manolo

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Remittances, IMO as I am not an economist, do not help boost the economy much if most of that is laundered cash (cash from RICO-oriented activities). Sure, the folks send the cash from Nueba Yol and the fam uses it to buy goods in the markets, etc, but laundered cash in the banks actually devalues the currency at the end of the day. You pay now or later, your choice.
 

bob saunders

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Remittances, IMO as I am not an economist, do not help boost the economy much if most of that is laundered cash (cash from RICO-oriented activities). Sure, the folks send the cash from Nueba Yol and the fam uses it to buy goods in the markets, etc, but laundered cash in the banks actually devalues the currency at the end of the day. You pay now or later, your choice.
due to increased money supply, I suppose.
 

JD Jones

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Bob, Aarhus really doesn't have a good awareness of the advances and progress here. There are significant improvements in healthcare. From equipment to renovations for public facilities. Many facilities that were understaffed now have more docs and nurses, aids and cleaning staff. Not just Jarabacoa. For example, in Cabrera they are completely renovating the public hospital and have new analytic devices and staff on the way to support it.
Not to mention all of the clinics and hospitals that have been built and/or renovated all over the country.
 

aarhus

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Bob, Aarhus really doesn't have a good awareness of the advances and progress here. There are significant improvements in healthcare. From equipment to renovations for public facilities. Many facilities that were understaffed now have more docs and nurses, aids and cleaning staff. Not just Jarabacoa. For example, in Cabrera they are completely renovating the public hospital and have new analytic devices and staff on the way to support it.
Ok I apologize for not having all this information on the improvements in health care. That is good to know hijo. Keep providing some more valuable information and not the drivel you post most of the time including lame personal attacks and trolling people around the forum.
 

El Hijo de Manolo

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Not to mention all of the clinics and hospitals that have been built and/or renovated all over the country.
Right I knew it was a large initiative, but I actually spoke with the folks Cabrera. Now, If Puerto Plata can do something with the overflow of patients to that zoo in Montellano, that would be a great improvement.
 

JD Jones

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Right I knew it was a large initiative, but I actually spoke with the folks Cabrera. Now, If Puerto Plata can do something with the overflow of patients to that zoo in Montellano, that would be a great improvement.
Speaking of that, does anybody know the latest and greatest on the new Sosua Hospital/clinic? The construction of the plazas on the beach?

Is the bridge still standing?
 

El Hijo de Manolo

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Dec 10, 2021
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Ok I apologize for not having all this information on the improvements in health care. That is good to know hijo. Keep providing some more valuable information and not the drivel you post most of the time including lame personal attacks and trolling people around the forum.
Are you ok? I put out content, opinions, facts and some jokes in the form of sarcasm. I'm not a simple yes man just agreeing with the status quo to gain favor where otherwise I would not have it such as yourself, mi pana
 
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El Hijo de Manolo

It's outrageous, egregious, preposterous!
Dec 10, 2021
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Speaking of that, does anybody know the latest and greatest on the new Sosua Hospital/clinic? The construction of the plazas on the beach?

Is the bridge still standing?
On my trip home from the hospital I caught a glimpse of the road embellishments and the bridge. To my surprise, I think it looks fantastic all that work. I didn't even recognize some stretches of the road. Props to the teams that put that together for Sosua. Long overdue. Now, If we can just deal with the pathetic dirt, horse-and-buggy road that runs through Cab. They need to start somewhere. The main drag is a total eyesore.
 

AlterEgo

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Hijo and aarhus, you two are always at each other’s throats. Since it’s apparently impossible to stop bickering, please stop quoting/responding to each other’s posts. It’s very tiresome for the rest of us.
 
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aarhus

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I really hope that health care is improving. I think it is the DRs biggest problem by far. In my opinion nothing else comes close.