Puerto Rico Economic Pulse ©

March 2003: Fast Forward: Can the economy hold?

A review of the PR economy in fiscal 2002 and forecast for 2003 to 2005

Fiscal year 2002 is gone but its awful saga is lasting more than expected and now, the war against Iraq is pounding further the world economy. September 11, a staggering stock market, and worldwide political unrest are the culprits of the slump. Puerto Rico posted negative GNP growth in 2002, the first since 1983. Find out which economic sectors were the winners and losers last year. What are the forecasts for fiscal 2003 to 2005? Will growth be positive or heading for negative territory? Will unemployment and inflation rise as the war drags on? Find out what crossroads the economy and you may be facing.