Puerto Rico’s economy could “greatly benefit” at the structural level with the opportunities brought by technologies such as the cloud or artificial intelligence, which could boost its GDP to 3.8% in the next decade, according to a study presented by Microsoft Corp. “The impact of AI on the Puerto Rico labor market” is a study […]
Evertec Inc. announced results for the third quarter ended Sept. 30, which showed that revenue grew 6% to $118.8 million compared with $112.0 million in the prior year. Revenue increase in the quarter reflected growth across all segments and included benefits from value added solutions, new managed services and other pricing actions. Additionally, increased revenue […]
Consumer spending in Puerto Rico contracted by nearly 9% from 2012 to 2017, when the island’s population also consistently declined, according to statistics released by the U.S. Department of Commerce’s Bureau of Economic Analysis. Consumer spending — which contracted by an average of 1.8% annually during the period — measures the goods and services purchased […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
