Anybody interested in a bridge in Brooklyn!

you mean one of the many that are floating around, some of which i myself have for sale? yes, when they predicted 5% at the start of this year, i said "no way. more like 1%"i took a lashing from numerous quarters, many of whom called me a pseudo economist. well, fellas, old dread seems to have called this one right. no need for all of you to applaud at once.

Economy is set for growth - great S.

still suffering from "RABIA ANTILEONELOSIS" (you know who you are)
Symptoms include : hablando mierda ,manic deprssive, loom and doom attitude

Who left the latrine door open?

I did not see anyone, this year, suggesting that the growth rate would be 5 % and in fact I think the official growth figure was around the 3.5% but the IMF, the world bank and the Bank of Scotland and JP MOrgan were reported here on this board to say this was optomistic . Some people here were suggesting negative growth as is the case in many other countries.
The good news is that the IMF can see increased growth next year suggesting that the worst is over .The huge Cisneros project officially announced today and the various capital expenditure projects around the capital, recently announced will help pump money into the economy.
Yesterday ;i had to go to the capital so with a little spare time I drove all around Santo Domingo Este and was amazed at all the new shopping malls and apartment buildings that were in construction. The city is growing quickly to the east and the development there, I hope for the less affluent , is helping the economy through jobs and material supply .

Do you buy your rose colored glasses in bulk?

Ricardolito, can you explain this to me, since we are only entering the fourth quarter?

I did not see anyone, this year, suggesting that the growth rate would be 5 % and in fact I think the official growth figure was around the 3.5%

the estimated growth in GDP for the year given by the government was,I am almost sure, about 3.5 % , given some months ago but around the time of the swine flu outbreak I think ..I am sure you , along with everyone else, wondered how this figure could be reached but the figure has been helped by revenue inflows from overseas and windfall gains from diversion of tourists from Mexico .

I am not too sure what you are asking but maybe you feel there is adequate time remaining , another quarter, for our economy yet to fall into negative growth and maybe you will be proven right but I hope not : The final quarter may come in better than expected because of better tourist figures but all I can tell you is that when ever I go to the capital (as well as here in la Romana) I see evidence of money being spent on developments which I consider to be a sign of confidence in the future

Ricardolito, revenue inflows from overseas are calclated in the GNP, not the GDP. OOPS...

yes you are correct ,,GNP

now that we have that one out of the way, Ricardolito, can you specify some of these bountiful revenue increases from abroad? might remittances be one of them? i hope not.

I am not going to give you any lessons ,,suffice to say that when I was at university and also working for the government in my former country , GNP was always used and the use of GDP as the preferred measure is relatively new ..to me GNP with the inclusion of net overseas income was always ok ...seems to me you should just try to work out a few ways to assist in improving the growth in the DR rather than simply being against the development in Santo Domingo , the development in Samana , the growth of golf courses in the country ,the money being borrowed to assist poor people and everything else ,,,Now I understand you want to grow some peppers somewhere,,good idea ,,but why not let others do their bit for the DR without you sending them packing with your bitter comments ..

josean asks : who left the latrine door open.
the article is about Dominican growth and not about fecal matter
FYI: the latrine it is located yards away from your nose.
Viva Listerine and dental frosting !

dental frosting? morocollo

Rinsing the mouth with water also helps wash away trapped food particles that decompose in the mouth and cause a foul smell similar to the smell cominig a latrine door that is left open .

joseanton, celebrate , pump your chest .you you have discovered an innocent error (not a mistake)
But you got the message anyway and I am making it difficult for you to sleep at night.

"morocolo" thanks for knowing that can master the spanish language also

I am controlling you
Psychology my dear !

God Bless you too!

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edit

hey, Ricky, take a read of this passage and maybe you will understand the real world. stop taking your intellectual and academic cues from Alice In Wonderland

The IMF and World Bank are separate institutions with distinct roles. While the bank makes loans for development projects, the IMF lends to governments to ease deficits and make their economies appear stable to the international market. The World Bank was created in April 1944 as a lending institution composed of member governments to help rebuild post-war economies. The IMF was created to restructure and organize the market systems of member nations by promoting international economic cooperation and trade, and by encouraging stable currencies.

The bank introduced Structural Adjustment Programs in 1980 to increase export production in debtor nations to provide cash for debt-service payment. Under "structural adjustment," developing countries typically are required to devalue their currency; dramatically cut spending on social services, medical care and education; eliminate barriers to foreign multinationals and trade; privatize national assets; deregulate business; decrease wages; restrict credit and raise interest rates.


real world, Ricky. that is how things work.