Economist Eduardo Garcia Michel in the Listin Diario newspaper today urged the government to make adjustments in policies to maintain economic stability and lead the nation to economic recovery. He urged fiscal spending discipline so that economic reform measures can have their effect. He explains the goals for year end are to grow 6.5%, with an 8% cap on inflation, and a 0.8% fiscal surplus, a US$100 million increase in net reserves, US$1,000 million in foreign investment, and a decline of 2-3 points in interest rates. The economist says that the President needs to heed those who are telling him the cruel truth about the economy and not just the things he wants to hear.
