Macroeconomic Forecast Puerto Rico

August 2008 | Macroeconomic Forecasts

Puerto Rico's cumulative trade balance registered a surplus of US$7.1bn between January and April, a significant improvement from US$6.1bn in the same period in 2007. While a breakdown of the data is not available, Puerto Rico's export sector has likely benefited from a weaker US dollar in line with trends witnessed on the US mainland. We are maintaining our full-year cumulative trade forecast of US$16bn in 2008. We believe that a dollar comeback in H208 could stifle local export growth, while still-high energy imports will also have a negative impact on the balance.

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