Young,Clerk,Checks,The,Stock,In,A,Small,Ceramic,Shop
November 15, 2022
Young clerk checks the stock in a small ceramic shop
QUOTE OF THE WEEK
Sponsored by RSM
“Customers continue to spend, maybe not at the same pace as during the [COVID-19] pandemic, but it continues to be the motor of the economy in Puerto Rico and in the [mainland] U.S.”
— Ignacio Álvarez, CEO of Popular Inc., on the bank’s first-quarter earnings, which although declined compared to last year’s figures due to industry-wide adjustments, sustained consumer spending remains a positive indicator.
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