It is important to point out that PREPA’s interests are not the same as the public interest, the Authority should be considered a private/special interest even though it is a publicly owned utility. (Credit: DIego A. Cantor)
“Customers continue to spend, maybe not at the same pace as during the [COVID-19] pandemic, but it continues to be the motor of the economy in Puerto Rico and in the [mainland] U.S.”
— Ignacio Álvarez, CEO of Popular Inc., on the bank’s first-quarter earnings, which although declined compared to last year’s figures due to industry-wide adjustments, sustained consumer spending remains a positive indicator.