View Single Post
  #8  
Old 12-29-2001, 01:45 AM
Loren
Guest
 
Posts: n/a
Default Alan Greenspan of D.R.

the Dominican Peso will decrease in value against the dollar; Not precipituously, but more than predicted due to the macroeconomic policies of the current government and the low demand for Pesos as a symptom of increased competition with other countries for textile exports.

The single biggest danger is the debt the government is taking on. This will make worse the situation caused by global import/export markets. The Dominican economy is growing but still dependent on several key sectors, some of which the country finds itself at a competitive disadvantage against other countries such as Mexico, etc.