The credit rating agency’s forecast contrasts with the optimistic projections of the Planning Board and specialized magazines October 4, 2024 - 10:18 AM Editor’s note: Today only, Claro is sponsoring free all content for El Nuevo Día subscribers. Starting Saturday, this content will become exclusive again. If you want to support responsible journalism, subscribe here.
Cidre proposes changes to the position he held during this four-year term Fahad Ghaffar sells stake in dealerships he acquired with John Paulson Part of Roosevelt Roads land to be sold to build ultra-luxury homes and a hotel Puerto Rico’s economy could close in negative territory this fiscal year, despite the multimillion-dollar federal funds that have flowed to the island, according to a Moody’s Analytics study. --- Lee este artículo en español. --- According to projections presented by Gustavo Rojas Matute, Moody’s economist, real Gross Domestic Product (GDP) -adjusted for inflation- could fall by approximately -0.
2% in fiscal year 2025. Although the island’s economic forecast for the next 10 years will be sustained by the disbursement of federal funds, Moody’s does not see growth, but rather a statistically stagnant economy, since the island reached the top of its employment level, explained Rojas Matute. “What is happening is that what is going to sustain the economy is basically the disbursement of those funds over the next decade.
That is what is going to help sustain, above all, empl.
