Puerto Rico Compass ©

Q4 2006: The Puerto Rico Economy is Still in Distress

A Review of Q4 of 2006

Puerto Rico’s economy is still far from claiming the beginning of a recovery. The leading index signals a positive 0.9% growth in Q4 of 2006. However, other indices, such as manufacturing continued falling with –0.7%, consumption and the coincident indices plunged –0.9% while banking posted 1.8% and the leading index surged to 0.9% growth. Although four of the six indices depict a negative trend, the island’s economic scene remains less volatile but still hampered by political gridlock.

Puerto Rico Economic Pulse ©

December 2006: Getting to Know the Sleepy Cayman

Changes in Cuba could impact Puerto Rico

Cuba is still a kind of black box for many of us. Despite the many cultural, historical, idiosyncratic and even familiar bonds with Cuba, Puerto Rico has no economic relations with its neighbor.  Nonetheless, after nearly five decades of a very centralized economy, some recent developments are signaling that the current socioeconomic system in Cuba is about to change. It is definitely time for us to know more about Cuba and understand the implications for Puerto Rico of the foregone Cuban transition towards a market economy. When will Cuba open? Will it entail the demise of tourism and manufacturing in Puerto Rico? Or, will this transformation open up opportunities for PR? Do not miss this interesting analysis on this very strategic issue for Puerto Rico.