Q2 2007: Is the Recession Over in Puerto Rico?
Living in Recessionary Times
Not yet. Puerto Rico’s economy is showing vital signs and the system is still far from claiming the start of economic recovery. It appears the economy has begun to show some minor positive signs for the next three months, but still it remained in recession in the second quarter of 2007. Construction continues to pull the economy downwards while banking still holds the fort. Puerto Rico Compass, a proprietary tool of HCCG, has recently revised the methodology and data of the indices. Find out how the new six quarterly economic indices of PR Compass gauge the overall performance of the economy.
