Puerto Rico Economic Pulse ©

March 2013: The Threat of an Incredible Labyrinth

An analysis PR’s performance in 2012 and forecast

The world is in a state of turmoil that ranges from the chaos after the financial crisis to the current crisis in the Eurozone, from the Arab uprisings to tensions between North Korea and Japan. There are protests everywhere, Cyprus, Athens, Barcelona, New York, and elsewhere. The US dollar faces a real risk of losing its standing among international currency markets. Many of the familiar frameworks are collapsing while the world undergoes rapid change. Political leaders in Puerto Rico need to address local issues and people’s specific demands, but without a clear vision, such a reaction is likely to be inadequate or insufficient to reactivate the PR economy. This Pulse presents a concise outlook of external and internal factors that will define economic policy and strategic planning. HCCG also presents its macroeconomic forecast for fiscal years 2013 thru 2015.