Puerto Rico Economic Pulse ©

March 2000: Journey Inside a Record Year

The Shape of the PR economy in 1999 and Forecast for 2000 and 2001

The economy of carefree consumers and builders rolled on last year, widely fueled by the destruction of Hurricane Goerges in 1998.  Was the 42% growth of the Puerto Rico economy in 1999 significant?  With higher oil prices and interest rates, is the growth sustainable?  Have we become less oil dependent?  How real is low unemployment?  Arguably equally important is the enhanced role of investments as opposed to government aid in personal income.  Perhaps this is the result of a new entrepreneurial culture.  Uncover facts you didn`t know about PR.