This year was very active and brought significant changes and growth for News is my Business.
In a recently released paper, the firm predicted that while growth for the 2018 calendar year will be “0,” prospects for 2019 depend on the amount and rate of federal funds disbursed for the island’s recovery efforts.
Although Puerto Rico may be showing signs of growth after Hurricane María’s devastation last year, many of the gains could be the result of comparing them to a “devastatingly poor” third quarter of 2017.
The talks were geared toward strengthening Puerto Rico’s strategy in the global marketplace.
If the prediction of zero economic growth by 2023 holds true, the deal with COFINA creditors will lead to a new default for Puerto Rico.
In this episode of Dollar$ and $ense we talk with prominent Economists José Joaquín Villamil and Antonio Fernós about the fate of Puerto Rico's economy and the necessary steps to see a rebound.
If the measure of success of a debt settlement is that it offers realistic payouts to bondholders while allowing the debtor the ability to emerge as a going concern, then it’s time to forget about this deal.
In its analysis of the “Balance of the Economy Post Hurricane María,” the firm stated that while the economy has rebounded, the expected real growth in Gross National Product will be temporary.
Under “Austerity vs. Green Growth for Puerto Rico” plan proposed by Amanda Page-Hoongrajok, Shouvik Chakraborty and Robert Pollin, Puerto Rico would the possibility of establishing a viable domestic energy infrastructure.
The Puerto Rico Economists Association are promoting an “energetic transition” for the commonwealth based on the findings of a study that concludes doing so will bring fiscal prosperity and job growth.
Puerto Rico’s Economic Activity Index reached a level of 121.9 in July 2018, representing an increase of 0.2 percent compared to June 2018 and a decrease of 0.3 percent when examined against July 2017.
Rums of Puerto Rico and the Film Industry Development Program have teamed up to boost promotional efforts to increase the contribution of both initiatives to the island’s economic development.
The government’s attempt to overhaul Puerto Rico’s tax code into an easy-to-monitor regime “adds yet another layer of complexity” to the island’s already complicated situation.
The Puerto Rico Economists Association urged the implementation of at least five measures at the federal level that they consider essential to successfully overcome the island’s current economic crisis and spur economic growth in the long term.
Economists from Boston-based Reeve & Associates and San Juan-based Estudios Técnicos Inc. released a joint report, “The Impact of the Jones Act on Puerto Rico,” that concluded the Jones Act has no impact on either retail prices or the cost of living in Puerto Rico.
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