In an attempt to increase investment incentives and with it, stimulate the economic growth of the World’s 6th biggest economy, the United Kingdom’s Prime Minister, Liz Truss, signed off on a £45bn tax-cutting package. Measures such as this one are considered to be controversial and bold actions, especially given the current precarious state of the economic conjuncture. However, when questioned by her decisions, the Prime...Read More
Puerto Rico’s Statistical Appendix of the Economic Report show’s a year over increment of 4.4% in its Gross Product, reaching $71,580.8 millions of dollars in 2021. Said increment rate was larger than 2019-2020’s year over year change, which pointed out a diminution in Puerto Rico’s Gross Product.Read More
Los principales indicadores macroeconómicos de la economía mundial parecen indicar que nos acercamos a una posible recesión global, marcada por la desaceleración de la economía de Estados Unidos, de Europa y cierta inestabilidad financiera en China. Ya la economía norteamericana (la principal del mundo) lleva dos trimestres en negativo. Por otro lado, el Euro y la libra esterlina (moneda del Reino Unido) han caído frente...Read More
Total Employment in Puerto Rico for the month of August 2022 is estimated to be at 1,098,000. This, in comparison to August 2021’s employment numbers, shows a 2.04% increase and a 0.73% increase when compared to July 2022’s total employment estimation. As for total unemployment during August 2022, it reached 70,000, which translates to an 8.5% unemployment rate. This, in comparison to August 2021’s unemployment...Read More
CategoriesQ2-2021Q1 – 2022Q2 – 2022%Change Month-over-month%Change year-over-yearCost of Living Index98.9100.299.7-0.500.81Cost of Living Index Grocery Items120.4120.6119.9-0.58-0.42Cost of Living Index Healthcare66.971.972.10.287.77Cost of Living Index Housing77.37776.5-0.65-1.03Cost of Living Index Miscellaneous Goods and Services96.698.798.3-0.411.76Cost of Living Index Transportation93.488.888.3-0.56-5.46Cost of Living Index Utilities161.3161.1160.6-0.31-0.43 Source: Puerto Rico’s Statistics’ Institute Puerto Rico’s Cost of Living Index [1]for 2022’s second quarter reached 99.7. This, compared to 2021’s second quarter’s Cost of Living Index,...Read More
