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08/09/2011 | ''Worsening security'' swamps Dominican Republic’s competitiveness, report

DominicanToday-Staff

Dominican Republic, together with other Central America countries such as El Salvador, Costa Rica, Guatemala and Nicaragua had its worst setback in competitiveness, falling from a rank of 101 to 110, “on a worsening situation of security,” affirmed a World Economic Forum (WEF) report disclosed Wednesday, quoted by EFE.

 

The document, which values the Latin America region’s competitiveness situation positively, referring to the countries which had setbacks, affirms that ”Dominican Republic had the biggest step backward (falling from position 101 to 110), followed by El Salvador (82 to 91), Guatemala (78 to 84), Costa Rica (56 to 61) and Nicaragua (112 to 114), due to “the worsening of the situation of security."

According to EFE however, Latin America’s perspective in competitiveness is encouraging in the next few years in spite of economic uncertainties in the United States and Europe, according to the WEF report presented today.

The document, in which the WEF gathers the global guidelines on competitiveness, stresses that “the region has been able to deal with the global recession relatively well and has grown in a stable manner since 2009,” when the average economic growth stagnated.

DominicanToday (Dominicana, Rep.)

 



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