Pandemic demands ‘extraordinary measures’ to handle economic crisis
May 20, 2020
The economic crisis Puerto Rico is facing while in the grip of the COVID-19 pandemic requires forceful action on the part of the government and Financial Oversight and Management Board for Puerto Rico, according to nonprofit Espacios Abiertos. “When we analyze the international context and Puerto Rico’s situation in light of the economic projections contained […]
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Op-Ed: The delicate balance between saving lives and the economy
April 28, 2020
I have lived in Puerto Rico for a little more than seven years. In that time, I have experienced the island go through Chikungunya, Zika, a Commonwealth bankruptcy, hurricanes, earthquakes and now COVID-19. The Puerto Rican people are resilient. They have been through so much, they just know they have to endure to survive. Prior […]
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Private sector calls for reopening Puerto Rico’s economy
April 24, 2020
Saying that six weeks after the government of Puerto Rico established a strict lock-down the private sector is not producing economic activity, newly created group Movement for a Healthy Economy said it is time to reopen the economy. The island’s private sector reportedly generates 94.3% of the value of Puerto Rico’s productive activity, while the […]
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Puerto Rico’s healthcare sector ‘most exposed’ to coronavirus crisis
April 23, 2020
The Coronavirus pandemic will cause people to rethink existing values and will impact economic models going forward, a group of local and international experts gathered by Invest Puerto Rico during a virtual webinar concluded. In Puerto Rico, where the economy has been limping along for the better part of the last 12 years, the already […]
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Puerto Rico’s economy could to lose $3B-$3.9B during a month-long lockdown
March 26, 2020
Puerto Rico’s already-battered economy stands to lose between $3 billion and $3.9 billion during a month-long lockdown and as much as $10.1 billion if the period stretches to three months, according to a study released by ABEXUS Analytics. The local startup that specializes in using analytics-related technology to help businesses connect data and the performance […]
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P.R. restaurant sales at $1.9B ’19, down 6.5% vs. ’18, study confirms
February 19, 2020
Puerto Rico’s restaurant industry generated more than $1.9 billion in 2019, a decrease of 6.5% compared to 2018, according to an economic study commissioned by the Puerto Rico Restaurants Association, or ASORE in Spanish. The decrease was attributed to a loss in population and the lack of family income growth. The research was conducted a […]
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Analysis: ‘Lack of progress’ in getting P.R.’s economy back on track bodes badly for ’20
January 2, 2020
The lack of progress in getting Puerto Rico’s economy back on track does not bode well for what should happen in 2020, according to an analysis by H. Calero Consulting Group Inc. “The economy needs to grow soon, or the assumptions made in negotiating with bondholders may have to be revisited. Something everyone will want […]
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Op-Ed: Demography will dictate the failure of PROMESA
October 23, 2019
Over the last decade, a group of demographers has raised their voices concerning the Puerto Rico’s population decline. Probably the most accessible and comprehensive text on this topic is “Puerto Rico 2000–2010: Más allá del censo” by Raúl Figueroa, Dr. Rosario Rivera-Negrón and Dr. Judith Rodríguez-Figueroa. Here, I will present some demographic trends regarding Puerto […]
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CNE develops platform to examine post-hurricane economic growth
October 8, 2019
Two years after Hurricane María battered Puerto Rico, local think tank Center for a New Economy has developed an innovative digital platform to help examine Puerto Rico’s economic growth after the storm. The new Federal Post-María Contracting Monitoring Dashboard gives reporters, academics, organizations, and individuals the ability to easily access all available data relating to […]
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Private sector reacts to arrests on gov’t corruption charges, ‘TelegramGate’
July 14, 2019
Today’s special episode features interviews with representatives from Puerto Rico’s private sector to discuss the events of the last week, when six people with ties to Gov. Ricardo Rosselló’s administration were arrested on corruption charges, as well as the contents of nearly 900 pages of a chat on Telegram involving the governor and a group […]
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P.R.’s slight economic growth expected to ‘run out of fuel,’ economist firm says
May 28, 2019
Puerto Rico’s economy is predicted to have a base scenario of 0.5% real Gross National Product growth in Fiscal 2019 with a slight growth of 0.8% in Fiscal 2020, according to a forecast published by economic analysis firm H. Calero Consulting. In its latest edition of its “Pulse” publication, the firm says, however, that the […]
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P.R. population not displaced by hurricanes for now — It’s the economy, study says
March 21, 2019
People invested in Puerto Rico’s long-term disaster recovery efforts face many obstacles, including — but not limited to — debt, recession, stronger hurricanes, utilities, and sovereignty. All these challenges require robust, independent, and trustworthy socio-economic data to lay the foundation for successful private investment and public policy, according to a paper written by a team […]
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MIDA: Jones Act has ‘devastating effects’ on P.R. economy, with losses of up to $1.5B
February 20, 2019
The cost of transportation of goods between Puerto Rico and the U.S. mainland has a “devastating impact” on the local economy estimated at $1.5 billion in lost activity, according to two independent investigations unveiled today. The study to determine the “real and transparent data” on the effect of cabotage laws in Puerto Rico, was commissioned […]
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Caribbean leaders: ‘We’re still split between Elizabeth and Isabela’
January 31, 2019
Some of the most prominent Caribbean leaders who participated in the Clinton Foundation’s two-day gathering in San Juan Wednesday agreed that the region is grossly divided, “still split between Elizabeth and Isabela.” With that, they supported their arguments that the region needs to come together more cohesively — be them U.S. mainland, French, Dutch or […]
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Rosselló: Transportation issues between P.R-Vieques-Culebra to be resolved by summer
January 21, 2019
Puerto Rico Gov. Ricardo Rosselló sits down with News is my Business to discuss several pressing economic issues, and the government’s proposed resolutions.
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