U.S. Bureau of Economic Analysis shifts from traditional GNP to GDP, which merits discussion. #NewsismyBusiness
An Estudios Técnicos report indicates that the island needs to establish a self-sustaining economic development plan to reduce its dependency, despite the funds’ contribution to stability post-Hurricane Maria and during the pandemic. #NewsismyBusiness
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.
The Puerto Rico Planning Board revised the island’s macroeconomic data for the end of fiscal 2016, reflecting a decrease in the Gross Domestic Product of 1.1 percent.
The Puerto Rico Planning Board presented Thursday revised economic projections confirming that the Commonwealth’s gross national product (GNP) will be reduced by $116.4 million during fiscal 2016 and $143.0 million in fiscal 2017.
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