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Santo Domingo. - Showing how the country’s macroeconomic numbers have remained stable, Banks, superintendent Rafael Camilo today criticized the people who say the global financial crisis will have a calamitous impact on the Caribbean nation’s economy. “We don’t have to inopportunely augur calamities for the Dominican economy, stirring pesimism.”

The official, speaking in the American Chamber of Commerce’s (AmCham) monthly luncheon, said it’s still premature to evaluate and predict the impact the crisis will have on the country, “especially when you don’t have all the elements to judge and make the right prognoses and without considering the peculiarities of our economy and of the external factors that affect it.”

“The future of the external economy in the short term is still uncertain and in an interdependent world like today’s nobody can raise with certainty the effect it can have on our economy”, Camilo said and cautioned that it’s the free zones sector that could be most affected, considering that the United States economic contraction and imminent recession will reduce consumer demand.

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COMMENTS
11 comment(s)
Written by: josean, 23 Oct 2008 1:37 PM
From: United States
Are you going to believe him or your "LYING EYES"!
Written by: generoso, 23 Oct 2008 2:34 PM
From: United States, Quisqueya La Bella
I completely and wholeheartedly agree with these comments.
We don't have so bad here unless like monkeys we start imitating the news on CNN and other sensationalists medias that bank on gaining market share through alarmist news.
If we don't conduct ourselves like Caribbean monkeys imitating the doomsday prophets of the north
it definitely will not be so bad here. It's all in your mind. We have to remain positive!
And most important live in the present day to day and not worry about the future or the doomsday prophesies of most economists local and foreign that are just shooting off their blabber mouth and don't know sh.t.
You know when God wanted to create the horse he asked a crew of economists to make the design ....and that's how the camel was created! (No offense to the camel jockeys out there!)

Written by: gouletcolonial This user is banned, 23 Oct 2008 3:10 PM
From: Cuba, it is a secret the censors are looking for me
generoso the PC term is Desert People
Written by: josean, 23 Oct 2008 3:12 PM
From: United States
Translation of generoso's comment above:

Keep your head buried in the sand or in any other orifice of your choice!
Written by: juanb, 23 Oct 2008 4:23 PM
From: Dominican Republic
This reminds me of watching a Winter League playoff a few years back. The Aguilas scored three runs in the first inning and all the Aguiluchas started carrying on about how they were the best team of all time, and blah, blah, blah, the greatest. At the game's end, which Licey won, these guys couldn't be found. Those of you who think that we have started to see the depths to which the world economy can fall, had better start to think again. As a daily viewer of the US nightly news , it is my opinion that not only are we waiting for the other shoe to drop, the first one is just starting to slide. If the US economy tanks as badly as the indicators show, we are in for a tough couple of years, here and everywhere. Unemployment is way up, car and new home sales are severely depressed and the banking system just was saved from complete annihilation by the governments of a number of European countries, as well as the US. So party hearty dude, just hope you don't wake up. Hope I am wrong
Written by: davinci, 23 Oct 2008 7:12 PM
From: Dominican Republic
To all the economists who dare to "predict" almost in a daily basis, wishing for the strong Dominican Republic's economy to have the domino effect after the fall of the US economy are just day dreamers. If you understand the elements of any economy you could just not predict, but surely affirm that the dominican economy will NOT be affected by the misdealings of wall street. The dominican economy does not depend on the hard earned money of the poor of the world, but of the rich and famous of the world, who happen to come and play golf in our beach resorts. Our main consumption of products are grown at our patios, and dominicans are used to struggle all their lives, and that does not prevent them from playing loteria, drinking every weekend, party big time at least once a month, and along with our ports and tolls producing mega bucks, I do not see the wall street domino effect to have any serious threats to the dominican economy. Dare to post!
Written by: generoso, 23 Oct 2008 8:04 PM
From: United States, Quisqueya La Bella
Well said davinci! You deserve an oscar for those brilliant conclusions. I will take note of that!


Written by: ambioriv, 23 Oct 2008 11:27 PM
From: United States
too many Hatians and Puertoricans on this blog pretending to be dominican! Get a life!
Written by: generoso, 24 Oct 2008 12:08 AM
From: United States, Quisqueya La Bella
First one that yells fart is the guilty one amboriv the mental giant
Written by: ambioriv, 24 Oct 2008 2:20 AM
From: United States
you need a life,

there are more haters and pretenders here than actual Dominicans, thats how bad it is. It must be puertoricans cause hatians don't even have internet. Puertoricans love to fuel the battle between hatians and dominicans
Written by: ambioriv, 24 Oct 2008 2:22 AM
From: United States
although we know it's no match, all they can do is terrorize, like terrorist on this site.
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