Puerto Rico Economic Pulse ©

December 2002: Coping with 2002

An analysis of Puerto Rico’s top economic news during the year

A tough year is ending. The saga of 2001, a year marked by terrorism and battered stock markets, has lasted more than expected. PR’s economy has not been indifferent to a jolted US economy and a phantom of recession and deflation hanging all over the world.It has been a hard year for the island, featuring higher excise taxes, less tourists, higher unemployment, and a great effort by the government to crank the economy by investing in public infrastructure. Find out what were the foremost developments of this year, what happened to important sectors, such as manufacturing and construction, and a search for a vision for the next decades.