Puerto Rico’s economy will experience a net direct impact of some $4.8 billion through the end of 2020 as a result of the measures taken to fight the spread of the COVID-19 virus — which could have been as high as $8.2 billion, had the blow not been softened by local and federal relief packages. […]
The Federal Emergency Management Agency announced the obligation of an additional $11.4 million in funds for 97 post-Hurricane María recovery and reconstruction projects in Puerto Rico. That amount includes nearly $2.5 million assigned to the Office of the Governor at La Fortaleza in Old San Juan for a number of repairs to the building’s third […]
Puerto Rico’s current situation, albeit unfortunate, will bring more opportunities “find niches of economic growth and development” in the medium and longer term. But in the near-term, the island will continue to drag economic challenges present before the COVID-19 emergency. So predicts H. Calero Consulting Group Inc. in its latest edition of its in-house “Economic […]
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