Puerto Rico Compass ©

Q4 2007: When Will the Recovery Begin?

As discussed in the previous Compass, the HCCG Coincident Index showed a continuation of the recession that started in Puerto Rico since Q3 2006. The last quarter of 2007 depicts negative figures again, but the magnitudes have improved in most of the indices. The leading index dropped in Q4, and the banking index depicts timid growth. Find out how tourism and exports bring hope; how the Puerto Rican consumer survived the holiday season; and what issues concerned households at the end of 2007. A closer look at these indices will indicate how this election year affects the economy and addresses the question that concerns all of us: when will the recovery begin?