Tuesday, May 04, 2004

DR: Back to the future

According to the Heritage Foundation, the Dominican economy is just like it was in 1995. The newspaper Diario Libre is reporting that deteriorating banking and financial activity, the increase in prices, and the weakening of purchasing power are some of the economic indicators that allow the Heritage Foundation and the Wall Street Journal to say that the index of economic freedom has diminished in the Dominican Republic. During this downhill slide the Dominican Republic is ranked 120th of the 161 countries that were included. In Latin America, only Honduras, Ecuador, Haiti, Suriname, Cuba and Venezuela have higher negative indices.

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