Dominican Republic Still Not Feeling Economic Woes
According to Hacienda Minister Vicente Bengoa, the DR and Central America have yet to feel the pressures of the world economic crisis, saying that what is being seen is a deceleration of growth in the region's economies. Bengoa explained that a recession is defined by two consecutive semesters of negative growth, while what is being seen in the region is a period of slower growth. Bengoa predicts that economic growth will be an estimated 3% in 2009 after having registered 8.5% in the last four years.