The indication by members of Gov. Alejandro García-Padilla’s administration of a slight economic recovery over the past two fiscal years is “simply a mirage,” and it will take significant adjustments to achieve the growth predicted for coming years, economist firm H. Calero Consulting Group Inc. said in its most recent monthly publication.
The U.S. Census Bureau released statistics Thursday confirming that the median household income for Puerto Rico and most of its 10 largest towns held steady after the most recent recession.
José J. Villamil, one of Puerto Rico’s leading economists, offered a grim assessment of the island’s fiscal health during a lecture Tuesday at Washington’s Center for Strategic & International Studies.