Journal Article

Trends and developments in the economy of Puerto Rico


Abstract: A two-year-long economic downturn and a persistent income gap with the U.S. mainland contribute to an uncertain outlook for Puerto Rico. Still, the commonwealth possesses a skilled and educated workforce, a favorable business climate, and the benefits of U.S. legal and financial structures - advantages that could encourage the development of new industries and create the potential for sustained growth.

Keywords: Economic conditions; Federal Reserve District, 2nd; Labor market; Puerto Rico;

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Provider: Federal Reserve Bank of New York

Part of Series: Current Issues in Economics and Finance

Volume: 14

Issue: Mar

Order Number: 2