The Puerto Rico Economic Development Bank (EDB) and the Puerto Rican Chamber of Commerce of Central Florida (PRCCCF) have embarked on a strategic partnership aimed at fostering economic growth and business expansion for Puerto Rican entrepreneurs. This collaboration signifies a robust effort to support small and medium-sized businesses from Central Florida with aspirations to establish or extend their operations to Puerto Rico.Objectives and ImpactThe primary...Read More
Overall, used housing prices in 2022 were higher than 2023 in five out of twelve months. However, it’s important to consider that the difference in price between the two years is relatively small for most months.Here are some additional observations:May 2022 vs. May 2023: This is the month with the most significant difference in price between the two years. Existing housing prices in May 2023 were...Read More
Puerto Rico’s economy showed signs of positive growth in fiscal year 2023, as indicated by a 0.7% increase in the Gross National Product (GNP) at constant prices when compared to fiscal year 2022. This growth is a significant indicator of the island’s economic health and resilience, especially considering the various challenges it has faced in recent years. Julio Lassús, the president of the Planning Board...Read More
A febrero de 2024 los préstamos de las entidades financieras al sector privado dominicano en moneda extranjera (USD) ascendieron a USD 6,734.8 millones, desacelerando su crecimiento interanual a 13.7%, de 31.4% entre febrero de 2023/2022. Llama la atención que el crédito en moneda nacional (RD$) entre febrero de 2024/23 creciera a una tasa similar, 21.4%, repuntando de una tasa de crecimiento de sólo 13.7% el periodo...Read More
The housing market data from 2019 to 2023 provides insights into the dynamics between existing and new units, as well as the total number of units available each year. According to official data the housing market experienced a slight growth during this period. Several factors, such as the federal stimulus funds, interest rates, limited supply and strong demand affected the market.2019: The market had a...Read More
