Pontificia Universidad Catolica
December 6, 2021
The Pontifical Catholic University in Ponce.
QUOTE OF THE WEEK
Sponsored by RSM
“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.
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