Source: Department of Labor and Human Resources Consumer Price Index (CPI) in Puerto Rico for the month of August 2022 reached 130.46, which translates to a 6.5% inflation in prices for all items. Said inflation rates were mainly impulsed by changes in the following industries: Transportation with a 10.8% inflation, Food and Beverages with a 9.6%...Read More
Puerto Rico’s Planning Board published the Statistical Appendix for 2021’s Fiscal Year yesterday, September 29, 2022. Said report showed that, contrary to the projections made by the Planning Board itself, Gross National Product grew by 1 % for 2021. This growth is greatly due to), the increase in total personal consumption expenditures by 19.0%, the increase...Read More
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...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...Read More
