Place Credit Reports Dominican Republic Order
 |
|
|
 |
Economy Overview:
The Dominican Republic is a Caribbean representative democracy that
enjoyed strong GDP growth until 2003. Although the country has long been
viewed primarily as an exporter of sugar, coffee, and tobacco, in recent
years the service sector has overtaken agriculture as the economy's
largest employer due to growth in tourism and free trade zones. Growth
turned negative in 2003 with reduced tourism, a major bank fraud, and
limited growth in the US economy (the source of about 80% of export
revenues), but recovered in 2004 and 2005. With the help of strict
fiscal targets agreed in the 2004 renegotiation of an IMF standby loan,
President FERNANDEZ has stabilized the country's financial situation.
Although the economy continues to grow at a respectable rate,
unemployment remains an important challenge. The country suffers from
marked income inequality; the poorest half of the population receives
less than one-fifth of GNP, while the richest 10% enjoys nearly 40% of
national income. The Dominican Republic's development prospects improved
with the ratification of the Central America-Dominican Republic Free
Trade Agreement (CAFTA-DR) in September.
GCS and Graydon International
Graydon International is a leading provider of business credit information around the world. Their business credit reports are easily read in English and consist of reliable and up to date details like identification and official company specifications, credit recommendations, known directors, protest and non-payments, operational details and financial data (profit and loss, balance and key credit ratios).
To see what GCS can do for you, please submit your query for a 'no obligation' free quote.
|
