Puerto Rico Economic Pulse ©

October 2009: Connecting the Dots in Puerto Rico – Part II

The internal and external sides of the current economic crisis

Puerto Rico has not gone unscathed from the worldwide financial havoc in 2009 and which we discussed in our September issue of Economic Pulse. The big quake has placed more strain on an already jolted local economy.  Internal as well as external factors have blended to pound the PR economy and sink it in its worst crisis since the 70’s.  Getting a recipe to put the economy back on its feet is not a simple task.  However, to find a way out we have to identify first the external forces that affect the economy as well as those setbacks originated within the island. This is a must if the island is to adopt an effective strategy. In this issue, we analyze the roots of the forces that afflict the island economy and present some ideas for the cure.