Puerto Rico Compass ©

Q2 2007: Is the Recession Over in Puerto Rico?

Living in Recessionary Times

Not yet. Puerto Rico’s economy is showing vital signs and the system is still far from claiming the start of economic recovery. It appears the economy has begun to show some minor positive signs for the next three months, but still it remained in recession in the second quarter of 2007. Construction continues to pull the economy downwards while banking still holds the fort. Puerto Rico Compass, a proprietary tool of HCCG, has recently revised the methodology and data of the indices. Find out how the new six quarterly economic indices of PR Compass gauge the overall performance of the economy.

Puerto Rico Economic Pulse ©

June 2007: Brains on the Go

A new public policy faces educational challenges

How far is Puerto Rico from becoming a Bio-Island? A new public policy is geared to taking PR in that direction. But, is PR equipped with the basic educational endowments needed for this new development phase? Educational outcomes indicate there is a wide gap between our current educational level and the state’s policy goal. Proficiency levels in Math and Science tests are low. Reducing high school dropouts and the need to increase the skills of labor are essential ingredients if PR wants to get ahead in the race for high quality education. This edition of Economic Pulse analyzes how biotechnology and R&D can work if education plays center stage in the island’s economy.