The Dominican Republic is doing just what the World Bank advises countries in Latin America to avoid. <\/p>\n
The latest semiannual World Bank report, “Inequality in a Lower Growth Latin America” forecasts a deceleration in general for the region. Panama leads with an impressive 6.6% growth for the year and Bolivia, Colombia, Dominican Republic, Ecuador, Guyana, Nicaragua, Paraguay, and Suriname are expected to grow by more than 4%, well above the regional average.<\/p>\n
The World Bank warns that there is a temptation for countries to take the path of least resistance, keeping aggregate consumption and government spending high and borrowing to finance the associated fiscal and external deficits. <\/p>\n
It adds that this path might be encouraged by highly liquid international markets seeking higher yields. <\/p>\n
The World Bank economists warn, however, that the short-run gains would carry a high price: lower long-run growth due to a more vulnerable balance of payments or an uncompetitive real exchange rate.”<\/p>\n
http:\/\/www.diariolibre.com\/economia\/2014\/10\/08\/i826731_poca-las-vacas-flacas-llega-repblica-dominicana.html<\/p>\n","protected":false},"excerpt":{"rendered":"
The Dominican Republic is doing just what the World Bank advises countries in Latin America to avoid. The latest semiannual World Bank report, “Inequality in a Lower Growth Latin America” forecasts a deceleration in general for the region. Panama leads with an impressive 6.6% growth for the year and Bolivia, Colombia, Dominican Republic, Ecuador, Guyana, … <\/p>\n