News World

In his state of the nation address on 27 February, President Leonel Fernandez sent an optimistic message to Dominicans, saying that the country was weathering the storm of the current financial crisis and that there are positive prospects ahead.
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For the most part, his speech was a long list of statistics and promises, including the following:
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In 2008, the DR’s Gross Domestic Product was up 5.3%, compared to 4.6% average for Latin America and the Caribbean, and the world average of 3.4%.
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Inflation ended at 4.52% (the lowest in Latin America), when forecasts were for 12%.
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Foreign investment totaled a record US$2.88 billion, balancing the effects of increases in fuel, raw materials and inputs.
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Remittances were US$3.1 billion, up 2.1%, compared to US$3.04 billion in 2007.
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Several light manufacturing areas showed growth: electronic products 13%, pharmaceuticals 5.4%, jewelry 11%, cigars 9.5%, agro-industrial 7%. Jobs [...]

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