Puerto Rican consumers get the equivalent of 86 cents out of every dollar they receive, which puts a significant squeeze on their purchasing power as the price of most goods and services continues to increase.
The Puerto Rico Manufacturers Association is preparing to mark its 85th anniversary during this year’s annual convention, when it will focus on ramping up its search for solutions to the island’s development and competitiveness challenges.
Puerto Rico’s economy will need about $10 billion in new investments over the next three years to grow by at least 3.3 percent annually and find its way back to more prosperous pre-recession levels. In the absence of such an unlikely windfall, it will take more than a decade to circle back to acceptable levels of progress.
A Dow Jones/Factiva content provider since 2014
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